Proven Land Takes Up 20% Stake In EXSIM’s Project In KL

Proven Land Sdn Bhd signs with EXSIM Development Sdn Bhd to subscribe to a 20% stake in Sunrise Charm Sdn Bhd a wholly owned member of the group.

This collaboration allows Proven Land be involved in the new project, Hanaz Suites @ KL City Centre under Sunrise Charm on a project basis.

This parties belives the partnership is poised to harness the parties’ expertise to foster substantial growth in the property sector.

Director of Proven Land Jack Leong said, in a statement today, “By subscribing the stake, we are poised to leverage their innovative projects and expertise, enhancing our portfolio and creating new opportunities for growth. This collaboration underscores our commitment to high-potential sectors and driving economic prosperity in the ASEAN region.”

Meanwhile, EXSIM Managing Director Lim Aik Hoe said, “This collaboration signifies their confidence EXSIM in building more greener and sustainable developments, while elevating the living lifestyle of our buyers. We hope to have more partnership with Proven Land in the future, perhaps in different component of development too.”

On the same day, Proven Land also entered into an agreement with Octowill Trustees Berhad (Octowill), which will support Proven Land’s future development.

The Management of Octowill Trustees, said: “Our investment in Proven Land underscores our belief in the strategic vision and robust potential of Proven Land. This collaboration is set to unlock significant value for our stakeholders and drive sustainable growth, especially in the rapidly growing urban development landscape.”

Looking ahead, Proven Land said it remains highly optimistic about the future growth of the property development landscape in Malaysia. The Company is committed to identifying and capitalising on high-potential opportunities, driving innovation, and contributing to the economic prosperity of the region.

Previous articleSouthern Cable Secures RM99.6 Million Supply Contract From TNB
Next articleYNH Tops Out First Tower Of RM771 Million Solasta Dutamas Development

LEAVE A REPLY

Please enter your comment!
Please enter your name here