Matrix Concepts secures RM512mil financing facilities from AmBank

KUALA LUMPUR: Property developer Matrix Concepts Holdings Bhd has secured a RM512 million financing facility from AMMB Holdings Bhd (AmBank Group) to develop a township in Malaysia Vision Valley 2.0 (MVV2.0).

The 559.35-hectare (1,382.2-acre) project is located between Selangor and Negeri Sembilan and has a gross development value of RM7.0 billion.