O&C RE­SOURCES, ARRA INOVASI IN HOUS­ING JOINT VEN­TURE

The Sun (Malaysia) - - SUNBIZ -

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.

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