Majuperak eyes first Klang Valley property venture under Nexusbase stake buy

TheEdge Fri, Jan 29, 2021 01:59pm - 3 years View Original


KUALA LUMPUR (Jan 29): Majuperak Holdings Bhd plans to acquire a 51% stake in Nexusbase Development Sdn Bhd from Sloane Infinity Asia Pacific Sdn Bhd for an indicative RM12.5 million, a move which will mark Majuperak’s first property development venture outside Perak.

According to Majuperak’s Bursa Malaysia filing and a separate press release by the property developer today, Nexusbase is developing the RM125 million Nexus Residences @ USJ Subang West property project in the Klang Valley.

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