Chin Hin said the demand for building materials in Malaysia remains robust, with economic growth expected to normalise in 2024, supported by ongoing major infrastructure projects.
The estimated time frame for completion of the project is March 2028, or 54 months from the date of the JV agreement.
Share of results of JVs shot up to RM225.
KUALA LUMPUR (May 24): UOA Development Bhd is diversifying into caregiving services involving patients and senior citizens under a proposed joint venture (JV) which will enable the property developer to venture into the new business.
KUALA LUMPUR (Oct 20): Permodalan Nasional Berhad (PNB), KWEST Sdn Bhd and AREA Group of Companies (AREA) have entered into a joint venture (JV) for the development of COMPASS @ Kota Seri Langat (KSL), a freehold integrated industrial and logistic hub in Selangor.
KUALA LUMPUR (July 16): MajuPerak Holdings Bhd’s subsidiary Syarikat Majuperak Bhd has entered into a Joint Venture (JV) agreement today with JT Gardens Sdn Bhd to undertake a residential development project for affordable housing in Perak.
KUALA LUMPUR (Dec 31): Eastern & Oriental Bhd (E&O) and Mitsui Fudosan Co Ltd have inked a joint-venture (JV) agreement to develop luxury residences with a gross development value of RM348 million in Damansara Heights.
KUALA LUMPUR (Dec 9): Protasco Bhd's 30%-owned associate company PJP Barisan HCM JV Sdn Bhd has secured a ten-year contract from the Public Works Department.
KUALA LUMPUR (Feb 1): Vizione Holdings Bhd announced yesterday that its joint venture company with Vertice Bhd has accepted the RM815 million contract from Consortium Zenith Construction Sdn Bhd to undertake construction works for Package 2 of the Penang Mega Infrastructure project.
KUALA LUMPUR (Dec 28): Malton Bhd’s joint venture (JV) with Hong Kong-listed Nan Hai Corp Ltd has been selected to enter into the next phase of the bidding process for the construction of a superstructure above the airport express train station located near the Taipei main train station in Taiwan.
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