Majuperak said on Friday it was buying the stake from Sloane Infinity Asia Pacific Sdn Bhd.
“The proposed acquisition represents a strategic investment for Majuperak to enable its group to be entitled for the future income streams arising from the property development project carried out by NDSB and consolidate its business in that sector, ” it said in a statement to Bursa Malaysia.
NDSB is developing Nexus Residences @ USJ Subang West. With an estimated GDV of RM125 million, the development is located in a prime area in the heart of the Klang Valley, with USJ, Putra Heights and Shah Alam all within a 1.5 km radius.