EPF partners Ally Logistic Property to build Bukit Raja logistics hub

Datuk Seri Amir Hamzah Azizan, Chief Executive Officer of EPF (right) with Charlie Chang, Co-Founder and Chief Executive Officer of ALP, at the signing of the Shareholders Agreement between the Employees Provident Fund and Ally Logistic Property Co. Ltd

KUALA LUMPUR: The Employees Provident Fund (EPF) and Ally Logistic Property Co Ltd (ALP) have entered into a shareholders agreement to develop a 100% pre-leased logistics hub in Bukit Raja in Klang, Selangor.

In a statement, the retirement fund said it would invest up to 70% stake in the joint venture company, ALP BR (Malaysia) Sdn Bhd, while the remaining 30% will be held by ALP.