KUALA LUMPUR: Mah Sing Group Bhd
is setting up a joint venture (JV) company with The South Sea Capital Sdn Bhd (TSSC) to venture into industrial real estate properties development.
In a filing with Bursa Malaysia, Mah Sing said its wholly-owned subsidiaries, Nova Legend Development Sdn Bhd and Jastamax Sdn Bhd had entered into a shareholders’ agreement with TSCC to set up Mah Sing South Sea Industrial Development Sdn Bhd.
“The JV also opens up more opportunities for Mah Sing to fuel its industrial development portfolio growth. The group has to-date successfully completed the development of five industrial parks,” it said.
Mah Sing said the JV leverages the connections, resources and expertise of the parties to offer a comprehensive one-stop service for businesses wanting to start manufacturing operations in Malaysia.
“With nearly 30 years track record in property development and more than 40 years of manufacturing expertise, Mah Sing is well positioned to provide an all-inclusive, expedited service and is the ideal partner for businesses aiming to swiftly invest and expand across Malaysia and the broader region.”
