Salcon unit Nusantara Megajuta and Exsim Kebun Teh in JV land development

KUALA LUMPUR: Salcon Bhd's indirect subsidiary Nusantara Megajuta Sdn Bhd (NMSB) today entered into a joint venture (JV) agreement with Exsim Kebun Teh Sdn Bhd (ETKSB) for the development of two pieces of land in Johor Bahru.

In a filing with Bursa Malaysia, the company said the JV will undertake a multiple phased mixed-use development consisting of service apartments and retail units on two pieces of 99 years’ leasehold land owned by NMSB.