Matrix Concepts expands its presence in MVV2.0


From left: NS Corp CEO Norazhar Musa, Negri Sembilan Mentri Besar-cum-NS Corp chairman Datuk Seri Utama Aminuddin Harun, Matrix Concepts founder and group executive deputy chairman Datuk Seri Lee Tian Hock and Matrix Concepts group managing director Ho Kong Soon.

PETALING JAYA: Matrix Concepts Holdings Bhd is expanding its presence in the Malaysia Vision Valley 2.0 (MVV2.0) project through a new land development agreement with NS Corp, valued at RM435.6mil for 1,000 acres.

This follows the company’s previous acquisition of 1,382.2 acres for RM460mil in August 2022 from NS Corp, bringing their total land holdings in MVV2.0 to 2,382 acres.Located in Mukim Labu, Seremban in Negri Sembilan, the land is expected to boast a sustainable township fostering community and economic growth with an anticipated gross development value (GDV) of RM12bil over 12 years.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

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

Next In Business News

Wall Street set to bounce back as Tesla soars
Two major shareholders of Rexit face jail in Singapore for illegally obtaining personal data
Anwar: Iskandar Malaysia secures RM40.3bil committed investments from Jan-Sept 2024
DXN posts lower 2Q net profit of RM65.97mil
ViTrox remains cautiously optimistic for 4Q24 amid challenges
Allianz: Malaysia's inflation likely to trend at 2.9% in 2025
AWC wins RM9.5mil contract for Sungai Melaka immigration complex
Nestle posts RM85mil net profit in 3Q, declares 35 sen dividend
Ringgit gains vs greenback on stable inflation data
Texchem confident in sustaining performance amid positive economic outlook

Others Also Read