KUALA LUMPUR: NCT Alliance Bhd
has inked a memorandum of understanding to acquire a 51% equity interest in Setara Juara Sdn Bhd as part of plans to expand its property development business.
In a statement, the group said Setara Juara holds the development rights to about 249.67 acres of land in Dumpil Bay in Putatan, Sabah, which has been earmarked for a mixed-development project with a gross development value of RM3bil.
