PETALING JAYA: NCT Alliance Bhd
has entered into a conditional sale of shares agreement with Herman Lee Show Kien and Melvin Lee Ying to acquire a 51% stake in Sabah-based developer Setara Juara Sdn Bhd (SJSB) for RM22mil.
In a statement, NCT said the acquisition will pave the way for its development of Ion Marina Bay, a property development project with an estimated gross development value of RM3.4bil.
