Sycal Ventures unit signs JV pact with Global Net

KUALA LUMPUR: Sycal Ventures Bhd's wholly-owned unit Sycal Properties Sdn Bhd has signed a joint venture (JV) agreement with Global Net Communication Sdn Bhd.

In a filing to Bursa Malaysia, Sycal said the companies aimed to jointly develop three plots of land in Kuala Lumpur into a high-end residential villas with estimated gross development value of RM70 million.

It said the development would contribute positively to the construction order book of Sycal Group. — Bernama
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