<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 6): Nexgram Holdings Bhd has aborted its plan to jointly develop the Angkasa Icon City mixed commercial project in Cyberjaya, Selangor with Seychelles company China Asian Capital Holding Ltd (CACH).</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, Nexgram said its wholly-owned subsidiary Nexgram Land Sdn Bhd and CACH had agreed to discontinue the joint development agreement (JDA) signed on May 19 after a few subsequent discussions.</p></div>

<div class=newsTextDataWrapInner><p>The JDA duly lapsed on Aug 18.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Hence Nexgram Land decided to discontinue the JDA. The Bursa will be updated on any new development in due course," Nexgram added.</p></div>

<div class=newsTextDataWrapInner><p>In May, Nexgram had appointed the little-known CACH as the joint developer and turnkey contractor for the development of Angkasa Icon City.</p></div>

<div class=newsTextDataWrapInner><p>Nexgram said the project was to be built on land owned by another wholly-owned subsidiary, Nextnation Datacity Sdn Bhd. The proposed project was to comprise a hotel, a block of small office/virtual office and a block of service suite apartments.</p></div>

<div class=newsTextDataWrapInner><p>Nexgram shares closed 0.5 sen or 14.29% higher at 4 sen today, giving it a market capitalisation of RM75.29 million.</p></div>


KUALA LUMPUR (Dec 6): Nexgram Holdings Bhd has aborted its plan to jointly develop the Angkasa Icon City mixed commercial project in Cyberjaya, Selangor with Seychelles company China Asian Capital Holding Ltd (CACH).

In a filing with Bursa Malaysia today, Nexgram said its wholly-owned s...

Nexgram, Seychelles firm abort plan to jointly develop Cyberjaya project

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