Matrix Concepts enters 1,000-acre land JV with NS Corp

From left: NS Corp CEO Norazhar Musa, Chief Minister of Negeri Sembilan cum chairman of NS Corp Datuk Seri Utama Haji Aminuddin Harun, Matrix Concepts founder and group executive deputy chairman Datuk Seri Lee Tian Hock and group managing director Ho Kong Soon

KUALA LUMPUR: Matrix Concepts Holdings Bhd via its subsidiary Megah Sedaya Sdn Bhd has inked a land development agreement with NS Corp for 1,000 acres of prime land in the MVV2.0 development corridor.

In a statement, the property developer said NS Corp will grant development rights to Megah Sedaya, a special purpose vehicle that shall act as the master developer of the new land, for a total consideration of RM435.6mil.