KUALA LUMPUR: Shares of Majuperak Holdings Bhd
rose in early trade Tuesday following its joint venture with Lagenda Properties Bhd to develop affordable homes in Perak.
The counter added 1.04%, or 0.5 sen to 48 sen, its highest since August 2017.
MajuPerak and Lagenda Properties Bhd are teaming up to undertake an affordable mixed development project on four parcels of land totalling 229.73 acres in Mukim Batang Padang, Perak.
MajuPerak' subsidiary Tenaga Danawa Sdn Bhd had entered into the agreement with Taraf Nusantara Sdn Bhd, a unit of Lagenda Properties Bhd (formerly known as D.B.E Gurney Resources Bhd), to undertake the project which is estimated to have a gross development value of RM295mil.
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