PETALING JAYA: The financing arm of Syarikat Perumahan Negara Bhd (SPNB), SPNB Dana Sdn Bhd, has inked a subscription and shareholder agreement (SSA) with digital technology solution specialist MNC Wireless Bhd, forming an equity joint-venture (JV) company.
Under the terms of the SSA, SPNB Dana will hold a 70% stake in the JV company, while the remaining 30% will be held by MNC Wireless.
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