“Despite the Covid-19 pandemic, sales of our current property projects have been quite good so far. According to Yap, the remaining gross development value for Grand Ion Majestic is RM537.4 million, while the remaining GDV for Grand Ion Delemen is RM125.07 million. If good opportunities arise, the company may consider buying land or even taking over certain property projects in Selangor and Melaka. White knightPuchong-based NCT is known for its expertise in rehabilitating abandoned mega property projects in Malaysia. “In other words, our listed company [NCT] gets control of Grand Ion Delemen with a deferred payment scheme.
