KUALA LUMPUR (Yosefardi) – Nextnation Communication Berhad, a wholly owned subsidiary of Nextnation, had on Thursday (May 23) entered into a Supplementary Memorandum of Understanding (SMOU) with PT Graha Tunas Makmur (PTGTM) to firm up the arrangement between NDSB and PTGTM in the Project and to supersede the initial MOU dated 29 August 2012.
Based on initial agreement, Nextnation Datacity and PT Graha Tunas Makmur will collaborate with the objective of jointly developing all that piece of land identified as Lot P58 held under HSD 7817 PT 42830, Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan, measuring approximately 5.906 acres (the Land), in an exercise to be led by NDSB.
NDSB had entered into a Sale and Purchase Agreement with Cyberview Sdn Bhd on 10 April 2012 for the acquisition of the Land.
PT Graha Tunas Makmur a 99% owned subsidiary company of PT Inovisi Infracom Tbk (INVS), a company listed on the Indonesia Stock Exchange and was established as a real estate investment holding company and property administrator of all of INVS group’s current and future property assets.