Proven Land to acquire stake in EXSIM subsidiary

Proven Land director Jack Leong (left) with EXSIM Development managing director Lim Aik Hoe

KUALA LUMPUR: Sustainable property development firm Proven Land Sdn Bhd has entered into an agreement to acquire a 20% stake in Sunrise Charm Sdn Bhd, a wholly-owned subsidiary of EXSIM Development Sdn Bhd.

In a statement, it said the collaboration will allow Proven Land to benefit from a diverse and innovative project portfolio that promises significant growth and development opportunities.

According to Proven Land, EXSIM is known for its cutting-edge, green, and sustainable projects, and has a prominent presence in the property development sector.

"By subscribing to the stake, we are poised to leverage their innovative projects and expertise, enhancing our portfolio and creating new opportunities for growth.

"This collaboration underscores our commitment to high-potential sectors and driving economic prosperity in the Asean region,” said Proven Land director Jack Leong.

EXSIM managing director Lim Aik Hoe added that the collaboration signifies the confidence in EXSIM in building more greener and sustainable developments, while elevating the living lifestyle of its buyers.

Looking ahead, Proven Land said it remains highly optimistic about the future growth of the property development landscape in Malaysia.

Meanwhile, Proven Land said it has entered into an agreement with Octowill Trustees Bhd, which will support the firm’s future development.