Ivory Properties in JV project

PETALING JAYA: Ivory Properties Group Bhd has entered into a joint development agreement (JDA) with Grand Uptown Sdn Bhd (GUSB) for the construction of a sewage treatment plant as part of a contract with the Government.

The two parties will undertake the project in return for an exchanged piece of land on which Ivory’s wholly owned subsidiary –Ivory Residence Sdn Bhd (IRSB) – and GUSB will develop thereafter, Ivory said in a filing with Bursa Malaysia.