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.