Matrix Concepts gets nod for RM460mil land buy


Matrix Concepts chairman Datuk Mohamad Haslah Mohamad Amin

KUALA LUMPUR: Matrix Concepts Bhd has received the nod from its shareholders for the proposed acquisition of new land in Negri Sembilan and a joint venture to develop the land, along with the provision of financial assistance.

The property developer said it secured shareholders’ approval at its AGM yesterday for its subsidiary N9 Matrix Development Sdn Bhd to acquire a 1,382-acre tract in the Malaysian Vision Valley 2.0 development corridor for RM460mil.

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