The Board of Directors of Seremban Engineering Berhad announced that the Company had on 14 June 2023 entered into a joint venture agreement with NS Corporation for the proposed development of the concession lands comprising the land held under HSD 44462, PT 12778, Mukim Port Dickson, Daerah Port Dickson, Negeri Sembilan measuring approximately 5,269 square meter where the Jetty Arang is situated, the lands measuring approximately 16 acres of lands located opposite the Jetty Arang Land within the boundary of 3 nautical miles from the sea shore and the land adjoining the Jetty Arang Land measuring approximately 10.381 acres, all located in Jalan Tanjung Kemuning, Kampung Bahasa Kapor, 71000 Port Dickson, Negeri Sembilan together with all the necessary infrastructure and public utilities, upon the terms and conditions stipulated in the JVA. The Parties have also entered into a Subscription and Shareholders Agreement for the incorporation of a special purpose vehicle to implement the JV.