PRG’s unit in property development JV

TheStar Tue, Mar 30, 2021 08:33pm - 2 years View Original


KUALA LUMPUR: PRG Holdings Bhd has entered into a joint venture agreement (JVA) with Semangat Hikmat Sdn Bhd for a proposed development of the land in Kinta, Perak.

In a filing with Bursa Malaysia, PRG said Premier Construction Sdn Bhd, a wholly-owned subsidiary of PRG Property Sdn Bhd which in turn is a wholly-owned subsidiary of the company entered into the agreement with Semangat Hikmat.

It said the proposed development was for residential developments scheme together with all the necessary infrastructure and public utilities, upon the terms and conditions stipulated in the JVA.

Semangat Hikmat principally involved in property construction and development.

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