Mah Sing in The South Sea Capital tie-up

PETALING JAYA: 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 property 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,” it said.