Main> NEWS

MGB falls 4.35% on JV to develop Cameron Highlands land

Surin Murugiah / theedgemarkets.com August 06, 2019 | Updated 5 years ago

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.

Click here for more property stories.

SPONSORED CONTENT

Skyline Embassy marks KL’s Embassy Row legacy with gold standards in urban living

Skyline Embassy, a state-of-the-art residential development, combines exclusivity, sophistication and breathtaking views into a harmonious living experience.

TOP PICKS BY EDGEPROP

Bandar Baru Selayang

Selayang, Selangor

by ARIF HUSSIN

RM 560,000

4 beds | 3 bath | sqft

Taman Bidara

Selayang, Selangor

by ARIF HUSSIN

RM 830,000

4 beds | 3 bath | 2500 sqft

Taman Depo

Kuching, Sarawak

by ZAIWISMAN ZAMALI

RM 656,544

4 beds | 3 bath | 1645 sqft

Taman Mulia

Bandar Tun Razak, Kuala Lumpur

by MOHD AMIR

RM 2,800,000

6 beds | 5 bath | 7200 sqft

Jalan Tuanku Abdul Rahman

KL City, Kuala Lumpur

by MOHD AMIR

RM 6,500,000

- beds | - bath | 6000 sqft

Batu 9

Cheras, Selangor

by MOHD AMIR

RM 1,200,000

4 beds | 3 bath | 2523 sqft

Section 8

Petaling Jaya, Selangor

by MOHD AMIR

RM 180,000

- beds | 1 bath | 700 sqft

Bandar Mahkota Cheras

Cheras, Selangor

by MOHD AMIR

RM 2,150,000

5 beds | 6 bath | 4400 sqft

Taman Supreme

Cheras, Kuala Lumpur

by MOHD AMIR

RM 4,880,000

8 beds | 11 bath | 13699 sqft

Taman Anggerik Perdana

Semenyih, Selangor

by MOHD AMIR

RM 580,001

4 beds | 3 bath | 2000 sqft

Damansara Heights (Bukit Damansara)

Damansara Heights, Kuala Lumpur

by MOHD AMIR

RM 4,800,000

6 beds | 5 bath | 6000 sqft

Bangsar Baru

Bangsar, Kuala Lumpur

by MOHD AMIR

RM 23,000,000

- beds | - bath | sqft

Federal Hill

Bangsar, Kuala Lumpur

by MOHD AMIR

RM 5,900,000

7 beds | 5 bath | 5000 sqft

Taman Ponderosa

Johor Bahru, Johor

by MITCHELLE YAP

RM 730,000

3 beds | 3 bath | 2040 sqft

REDEARTH GENTING XINTIANDI

Genting Highlands, Pahang

by MITCHELLE YAP

RM 466,000

- beds | - bath | 666 sqft

Casa Magna

Kepong, Kuala Lumpur

by JMC United Group

RM 1,200

- beds | - bath | 1000 sqft

Bandar Indahpura

Kulai, Johor

by JOAN NG

RM 780,000

4 beds | 3 bath | sqft

Kampung Kuang

Sungai Buloh, Selangor

by SITI RUFIAN BINTI JAAPAR

RM 3,800,000

- beds | - bath | sqft

Taman Bukit Kaya

Seremban, Negeri Sembilan

by IRENE SIEW SEREMBAN PROPERTY AGENT

RM 385,000

3 beds | 3 bath | 2357 sqft

Taman Dusun Setia

Seremban, Negeri Sembilan

by IRENE SIEW SEREMBAN PROPERTY AGENT

RM 1,415,700

- beds | - bath | sqft