O&C RESOURCES, ARRA INOVASI IN HOUSING JOINT VENTURE
PETALING JAYA: O&C Resources Bhd, formerly known as Takaso Resources Bhd, is partnering Arra Inovasi Sdn Bhd for the construction and development of a residential housing project in Bangi, Selangor. The company told Bursa Malaysia that its wholly-owned subsidiary Grand Superland Sdn Bhd had entered into a joint venture agreement with Arra Inovasi for the property development project on an 8.7acre piece of land. Arra Inovasi will be land owner cum developer, while Grand Superland is the main contractor for the project. The estimated profit before tax attributable to Grand Superland from the contract is RM8.99 million over the construction period.