Matrix Concepts in related-party transaction for land deal worth RM90.91mil


PETALING JAYA: Matrix Concepts Holdings Bhd’s 85%-owned subsidiary, N9 Matrix Development Sdn Bhd, is disposing of nine plots of land totaling 38.65 acres in Seremban, Negeri Sembilan to Kuntum Kemuning Sdn Bhd (KKSB) for RM90.91mil.

In a filing with Bursa Malaysia, Matrix Concepts said the lands are vacant agricultural land forming part of the upcoming industrial development project to be known as MVV Techvalley.

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