MGB enters two JVs to develop land in Selangor


MGB group executive chairman Tan Sri Lim Hock San.

PETALING JAYA: MGB Bhd, through its indirect wholly-owned subsidiary, Prisma Kasturi Sdn Bhd, has entered into two separate joint venture (JV) agreements with Talam Transform Bhd and Kandis Permai Sdn Bhd to develop 16.5 acres and 9.5 acres of land respectively.

In separate filings with Bursa Malaysia, the construction and property development solutions provider and subsidiary of LBS Bina Group Bhd (LBS) said the combined gross development value (GDV) of the JVs is RM861.35mil located in Taman Bukit Serdang, Selangor.

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