What is the actual ownership structure of the joint venture firm?

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Joint Venture Firm Ownership Structure Revealed

The joint venture firm, Landasan Lumayan Berjaya Sdn Bhd (LLBSB), has a defined ownership structure where Berjaya Land holds a majority stake of 55 percent, while Landasan Lumayan possesses the remaining 45 percent. This arrangement was established in relation to the Selangor Maritime Gateway (SMG) project.
Berjaya Land's Majority Shareholding

Berjaya Land controls 55 percent of the shares within the joint venture entity, Landasan Lumayan Berjaya Sdn Bhd. This ownership percentage signifies its leading role in the collaborative project.
Landasan Lumayan's Stake

Landasan Lumayan holds a 45 percent share in the joint venture firm, LLBSB. This subsidiary of the Selangor government's Menteri Besar Incorporated (MBI) participates in the project alongside Berjaya Land.
Project Land Allocation

Only 106.3 acres of land were allocated to the joint venture firm, LLBSB, for the Selangor Maritime Gateway project. This specific land parcel is subject to land premiums that Berjaya Land is obligated to fund.

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What is the actual ownership structure of the joint venture firm?

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