KUALA LUMPUR (July 11): Grand-Flo Bhd has changed its name to NCT Alliance Bhd.

Executive chairman and group managing director Datuk Seri Yap Ngan Choy said the new corporate name is in line with the group’s aspiration to position NCT Alliance as a leading property developer with specialisation in the rehabilitation of abandoned projects. 

"It marks a new beginning for us as we leverage on our core capabilities in the property sector.

“The recent acquisition is the first step towards becoming one of the top 10 developers in the country,” he said in a statement today.

To date, NCT Alliance has undertaken several property development projects, including Grand Ion Majestic (GIM), Grand Ion Delemen (GID), Mahkota Kampar, and Acacia Residences.

Shares of NCT Alliance would be traded and quoted at Bursa Malaysia under the new stock short name of ‘NCT’ with effect from Monday July 12, 2021 at 9am.