Magna Prima – OCR Shah Alam JV realigned: RM45 mil land sale marks structural shift in development plan
Magna Prima Bhd is moving to regain control of a 4.58-acre portion of its 20-acre Shah Alam landbank, committing RM45 million to a sale and purchase agreement (SPA) that realigns a joint venture (JV) originally expected to deliver RM160 million in total deleveraging proceeds.