Knusford gets 2 Johor projects

KUALA LUMPUR (Feb 3): Knusford Bhd's 40%-associate company CBD Development Sdn Bhd has received a letter of intent from Unit Perancang Ekonomi Negeri Johor for two projects.

Knusford, in its filing with Bursa Malaysia, said CBD has been appointed turnkey contractor for The Wave project (for the relocation of city hawkers) subject to a detailed proposal that includes a business model for consideration.

CBD has also been appointed master developer for the transformation of Johor Baru central district where it also has to submit a detailed proposal and business model.