SD Guthrie, EcoWorld firm up Negri project
The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project.
PETALING JAYA: Eco World Development Group Bhd (EcoWorld), SD Guthrie Bhd (previously Sime Darby Plantation Bhd ), and NS Corp Sdn Bhd (NS Corp) have formalised a shareholders agreement yesterday to launch the development of Eco Business Park 7 (EBP 7) in Negri Sembilan.
This follows a memorandum of understanding signed on Dec 18, 2024, and a sales and purchase agreement finalised on April 18, this year.
The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project, with EcoWorld holding a 55% stake, SD Guthrie Land Ventures Sdn Bhd (a fully owned subsidiary of SD Guthrie) owning 30%, and NS Corp holding the remaining 15%. Eco World Project Management Sdn Bhd, another EcoWorld subsidiary, will manage the development.
The development of EBP 7 involves acquiring 1,195 acres of freehold land in Mukim Jimah, Port Dickson, within Parcel C of Malaysia Vision Valley 2.0.
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The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project. PETALING JAYA: Eco World Development Group Bhd (EcoWorld), SD Guthrie Bhd (previously Sime Darby Plantation Bhd ), and NS Corp Sdn Bhd (NS Corp) have formalised a shareholders agreement yesterday to launch the development of Eco Business Park 7 (EBP 7) in Negri Sembilan. This follows a memorandum of understanding signed on Dec 18, 2024, and a sales and purchase agreement finalised on April 18, this year. The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project, with EcoWorld holding a 55% stake, SD Guthrie Land Ventures Sdn Bhd (a fully owned subsidiary of SD Guthrie) owning 30%, and NS Corp holding the remaining 15%. Eco World Project Management Sdn Bhd, another EcoWorld subsidiary, will manage the development. The development of EBP 7 involves acquiring 1,195 acres of freehold land in Mukim Jimah, Port Dickson, within Parcel C of Malaysia Vision Valley 2.0.
