Mah Sing to explore other opportunities in Jiangsu, China

KUALA LUMPUR: Property developer Mah Sing Group Bhd plans to explore other potential investment opportunities in Jiangsu, China. The company had signed a letter of intent in early December to develop a mixed property development project in Wujin district, Changzhou, Jiangsu province.

"The investment in Wujin, Jiangsu, is an integral step to the crystallisation of Mah Sing's vision of establishing a global footprint and the group intends to develop an iconic project in Wujin," the company said in a statement on Dec 21, 2009.

Mah Sing's intention to explore other opportunities in Jiangsu was expressed by its group managing director, Tan Sri Leong Hoy Kum, to Jiangsu Party Secretary Liang Bao Hua during a meeting here. Also present was Dan Long president Xue Yong Zhe.

According to the statement, Liang warmly welcomed Mah Sing's entry into Wujin and suggested the group to not only develop residential projects but also commercial projects including offices, and projects to support the logistics and services industry such as hotels. He also highlighted the viability of exploring the coastal areas of Jiangsu. - Bernama