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F&N poised for 7-year RM1.6b property project in PJ

KUALA LUMPUR (Nov 9): Fraser & Neave Holdings Bhd (F&N) is planning to launch a new property project in Section 13 of Petaling Jaya, with its first phase expected to be rolled out in 2013.

"The project has a gross development value of RM1.6 billion, which will cover a period of seven years," said F&N chief executive officer Datuk Ng Jui Sia.

Ng was speaking to reporters after the release of F&N's full year results for the financial year ended Sept 30, 2012.

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