Europlus in Selangor property JV

PETALING JAYA: Talam Rework Bhd‘s wholly-owned unit, Europlus Bhd (EB), has entered right into a three way partnership (JV) settlement with Janajaya Murni Sdn Bhd (JMSB) to develop terrace homes on two parcels of lands owned by EB in Serendah, Selangor.

In a submitting with Bursa Malaysia, Talam stated Land 1 and Land 2 measure 11.3ha and 20ha, respectively. Land 1 can have a gross improvement worth (GDV) of RM140.70mil and Land 2, RM247.52mil.

As a part of the settlement, JMSB would pay EB JV entitlements of roughly RM22.51mil for Land 1 and RM39.6mil for Land 2. — Bernama


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