PETALING JAYA: Tanco Holdings Bhd
, via its unit Palm Springs Development Sdn Bhd, has entered into a joint-venture (JV) agreement with Accession Development Sdn Bhd to develop a 22,905.5-sq-m land in Puchong, Selangor.
In a filing with Bursa Malaysia, Tanco said the parties intend to develop a residential project with a gross development value of at least RM500mil.
“The JV is expected to contribute positively to the company’s revenue stream, earnings and profitability,” it said.
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