KUALA LUMPUR: Talam Transform Bhd
’s wholly-owned unit Europlus Bhd (EB) has entered into a joint venture (JV) agreement with Janajaya Murni Sdn Bhd (JMSB) to develop terrace houses on two parcels of lands owned by EB in Serendah, Selangor.
In a filing with Bursa Malaysia today, Talam said Land 1 and Land 2 measure 11.3 hectares (ha) and 20 ha, respectively.
Land 1 will have a gross development value (GDV) of RM140.70 million and Land 2 RM247.52 million.
As part of the agreement, JMSB would pay EB joint venture entitlements of approximately RM22.51 million for Land 1 and RM39.6 million for Land 2.
...