The firm, CNECC Engineering (Malaysia) Sdn Bhd (CEMSB), is engaged in building construction and project management, with its ultimate parent company being China Nuclear Industry HuaXing Construction Company Ltd.
The termination, effective Nov 30, 2025, was agreed between Guizhou Shenqi Parkson Retail Development Co Ltd (sub-tenant), an indirect non-wholly owned subsidiary of PRGL, and Guizhou Longgang Commercial Operation Management Co Ltd (tenant A) and Guizhou Yuncui Property Management Co Ltd (tenant B).
The group has entered into a deal to sell Vast Furniture Manufacturing (Kunshan) Co Ltd to Kunshan Meiao New Energy Technology Co for 84 million yuan (RM49.
The space will be used for commercial operations and under International Financial Reporting standards, with the tenancy agreement treated as the acquisition of a right-of-use assets, which Parkson booked at about 14.
Held in conjunction with the International Architecture, Interior Design and Building Exhibition (Archidex) 2025, the week-long initiative is themed “Reviving the City’s Heartbeat”, aiming to transform old Kuala Lumpur into a walkable showcase of public installations, design trails, sketching sessions and curated food stops.
The works are at two 50-storey serviced apartment blocks in Kuala Lumpur for Aricia Sdn Bhd, a subsidiary of Chin Hin Group Bhd.
Parkson said the tenancy agreement was entered into with Guizhou Hanhua Real Estate Development Co Ltd to occupy 26,723 square metres of space in the Baolong International Building.
According to JLL’s report, China invested a total of US$21 billion (about RM90.
As of March 31, Parkson operated 42 stores in 28 cities across China.
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