Magna Prima forms JV for 709-unit residential development in Perak


KUALA LUMPUR: Magna Prima Bhd’s wholly-owned subsidiary, Magna City Shah Alam Sdn Bhd, has entered into a joint venture agreement (JVA) with Amat Potensi Sdn Bhd (APSB) to develop a 709-unit residential project in Kinta, Perak.

In a filing with Bursa Malaysia, Magna Prima said the project will be carried out on a 99-year leasehold land spanning about 216,907 sq m.

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