Yayasan Sabah Group inks JV deal on silica sand mining with KTS Group’s subsidiary

Yayasan Sabah Group inks JV deal on silica sand mining with KTS Group’s subsidiary

The Borneo Post - News·2019-10-09 08:26

KOTA KINABALU: Yayasan Sabah Group and Syarikat Sebangun Sdn Bhd, a subsidiary of KTS Group, have inked a memorandum of understanding (MOU) for a joint venture project in silica sand mining.

For the purpose of the joint venture, Yayasan Sabah has formed a subsidiary company, YSG Silica Sdn Bhd, which the Group holds 60 per cent share while Syarikat Sebangun has 40 per cent stake.

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