KUALA LUMPUR (July 11): Grand-Flo Bhd has changed its name to NCT Alliance Bhd.
Executive chairman and group managing director Datuk Seri Yap Ngan Choy said the new corporate name is in line with the group’s aspiration to position NCT Alliance as a leading property developer with specialisation in the rehabilitation of abandoned projects. It marks a new beginning for us as we leverage on our core capabilities in the property sector.
“The recent acquisition is the first step towards becoming one of the top 10 developers in the country,” he said in a statement today.
To date, NCT Alliance has undertaken several property development projects, including Grand Ion Majestic (GIM), Grand Ion Delemen (GID), Mahkota Kampar, and Acacia Residences.
KUALA LUMPUR (March 2): Grand-Flo Bhd is planning to buy two properties in Genting Highlands the land and project development rights of an ongoing mixed development known as Grand Ion Majestic (GIM), and the adjacent serviced apartments and commercial lots of a completed project known as Grand Ion delemen (GID) for RM422.89 million.
It is buying the properties from Galeri Tropika Sdn Bhd (GTSB), which is majority owned by NCT Building & Civil Engineering Sdn Bhd (NCT BCE), a wholly-owned unit of NCT Venture Corp Sdn Bhd, in which Grand Flo s executive chairman and group managing director Datuk Seri Yap Ngan Choy holds 80% and his brother Datuk Yap Fook Choy holds 20%.