IJM to form JV company with CHEC for mixed development and logistics hub in Kuantan

IJM’s indirect subsidiary Asas Panorama Sdn Bhd had recently entered a joint venture (JV) agreement with CHEC — a subsidiary of China Communications Construction Company — for the development of Malaysia-China Kuantan International Logistics Park (MCKILP), according to a joint statement by IJM, CHEC and MCKILP Under the agreement, CHEC will hold an equity interest of 51% in the new JV company, while Asas Panorama will hold the remaining 49% equity interest.

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DONE DEAL: Terrace house at USJ Tanamera, Subang Jaya, Selangor

Read also: DONE DEAL: Terrace house at Taman Tun Dr Ismail, Kuala Lumpur DONE DEAL: Shoplot at Taman Nirwana, Ampang, Selangor Developed by Tan & Tan Development in 2004, USJ Tanamera is a 15-acre gated-and-guarded neighbourhood consisting of a variety of freehold landed units from 2½-storey townhouses to semidees and bungalows.

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