Sunway in MoU with China's XuanCheng municipal govt to develop integrated city

KUALA LUMPUR: Sunway Holdings Bhd is collaborating with China's XuanCheng municipal government to develop an integrated city in the city of XuanCheng, which is 260km east of Shanghai.

Sunway said on Monday, May 10 it had entered into a memorandum of understanding (MoU) with the municipal government to develop the city which consists of an entertainment park, exhibition centre, hotels, shopping malls, offices and residential units. The site will be acquired from the municipal government

"Under the terms of the MoU, Sunway shall be the master developer and shall undertake a feasibility and market study on the proposed development. Sunway will also prepare a preliminary master plan for the proposed development within four months from the date of MoU," it said.