Nestcon delays property sector diversification


PETALING JAYA: Nestcon Bhd has announced that its plan to diversify into property development is being revised and will require more time, citing the need for further due diligence and updates to a previously announced joint venture.

In a filing with Bursa Malaysia, the construction firm said it is reviewing the terms of its proposed joint development with Kumpulan Wilayah Sejati Sdn Bhd (KWSSB), which involves two adjoining parcels of land in Petaling Jaya.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trump hikes US global tariff rate to 15%
The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer

Others Also Read