Magna Prima in RM1.2bil property tie-up


PETALING JAYA: Magna Prima Bhd’s wholly owned subsidiary Twinicon (M) Sdn Bhd has inked a conditional development agreement with Golden Rainbow View Sdn Bhd.

They plan to undertake a mixed development on five parcels of adjoining freehold land in Kuala Lumpur with a gross development value of RM1.2bil.

The project would comprise commercial lots, “small office, home office” units, serviced apartments, office suites and a hotel, Magna said in a filing with Bursa Malaysia yesterday. — Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

MARC affirms BPMB’s ratings
Solid valuation forecast for Sunway Healthcare
Challenges likely for REITs
Gold futures end 2025 easier, in sync with Comex�
Critical Metals set to close Greenland supply deals
KKR bid to take Yomeishu private is derailed by top shareholder
Beijing issues early 2026 investment plan�
Jasrinderjit Singh is new Lagenda CEO
EC rolls out transformation initiative
Loan growth expected to reach 5.7% in 2026

Others Also Read