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Latest JV to ease concerns over IOI Properties’ gearing

IOI Properties Group Bhd has announced that it entered into a memorandum of agreement with Hongkong Land International Holdings Ltd (HKLI) to jointly own and undertake the development and management of the land parcel that IOI Properties successfully tendered for in November last year. 

Vivocom bags contract to build affordable homes

Vivocom International Holdings Bhd, whose share price has come under selling pressure in recent months, announced that its subsidiary — Vivocom Enterprise Sdn Bhd (VESB)— has been appointed to construct condominium blocks for the 1Malaysia Civil Servants’ Housing Programme (PPA1M) in Perak.

PRG forays into affordable housing

PRG Holdings Bhd, whose share price hit an all-time high of RM1.07 on June 7, is exploring joint venture (JV) opportunities with Syarikat Perumahan Negara Bhd (SPNB) on affordable housing projects nationwide with combined gross development value (GDV) of RM5 billion.