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Equine Capital enters JV to develop nine acres in Subang Jaya

KUALA LUMPUR: Equine Capital Bhd entered into a joint development (JV) agreement with Revenue Concept Sdn Bhd to develop a 9-acre freehold tract in Subang Jaya, Selangor, according to the company's filing to Bursa Malaysia on Jan 21.

The proposed development will comprise mixed commercial and residential developments, with an estimated value of RM1 billion.

Revenue Concept's entitlement is 27.5% of the gross development value of the project and the total entitlement shall not be less than RM275 million.
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