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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