KUALA LUMPUR (Aug 6): MGB Bhd shares fell 4.35% this morning after it entered into a joint venture agreement (JVA) to develop 1.88 acres of leasehold land at Cameron Highlands, Pahang, into a block of serviced apartment with a gross development value of RM107 million.
At 11.17am, MGB fell 3 sen to 66 sen, giving it a market capitalisation of RM328.23 million.
Yesterday, MGB said its wholly-owned subsidiary Sinaran Kencana Sdn Bhd has entered into the JVA with Aset AZG Sdn Bhd, which is the owner of the tract.
TOP PICKS BY EDGEPROP
De Tropicana Condominium
Kuchai Lama, Kuala Lumpur
Kiara View Condominium
Taman Tun Dr Ismail, Kuala Lumpur
IMPERIUM RESIDENCE, KUANTAN WATERFRONT
Kuantan, Pahang
Regent Garden @ Eco Grandeur
Bandar Puncak Alam, Selangor
Perdana Villa @ Taman Sentosa Perdana
Shah Alam, Selangor
TriTower Residence @ Johor Bahru Sentral
Johor Bahru, Johor