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
Taman Taming Indah 2
Bandar Sungai Long, Selangor
Balakong Jaya Industrial Park
Balakong, Selangor
Trio by Setia
Bandar Botanic/Bandar Bukit Tinggi, Selangor
Trio by Setia
Bandar Botanic/Bandar Bukit Tinggi, Selangor
Trio by Setia
Bandar Botanic/Bandar Bukit Tinggi, Selangor
APARTMENT DEWI FASA 2 @ BANDAR PUNCAK ALAM, Ground floor
Bandar Puncak Alam, Selangor