MPHB-Bandar Raya deal to develop land

MULTI-PURPOSE Holdings Bhd (MPHB) has signed three memorandums of understanding with Bandar Raya Developments Bhd to develop several pieces of land in Penang and Selangor.

The two companies plan to combine their resources and expertise to development land owned by MPHB in Penang, Rawang and Gombak.

Entry into the agreements is in line with MPHB’s objective to develop its landbank into viable projects.

BRDB will be the developer of the proposed projects.

By Business Times