Kerjaya Prospek Property to jointly develop Batu Kawan land for proposed mixed development

PETALING JAYA: Kerjaya Prospek Property Bhd (KPPB) has entered into a joint venture agreement with Aspen Vision City Sdn Bhd (AVC) to jointly develop a piece of freehold land in Aspen Vision City, Batu Kawan, Penang.

In a filing with Bursa Malaysia, KPPB said the development will be done via a special purpose vehicle (SPV) wherein its wholly-owned subsidiary, Kerjaya Property JV Sdn Bhd and AVC will hold 70% and 30% of shares in the SPV respectively.