Permaju unit inks MoU to complete RM1bil GDV project


?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday

KUALA LUMPUR: Permaju Industries Bhd subsidiary Hardie Development Sdn Bhd (HDSB) has inked a memorandum of understanding (MoU) with O&C Construction Sdn Bhd (OCCSB), to jointly complete the development of the Princess Heights project in Menggatal, Kota Kinabalu with a gross development value (GDV) of RM1 billion.

In a filing with Bursa Malaysia yesterday, Permaju executive director Yvonne Chai Woon Yun said the 44.28ha project is a mixed residential and commercial development that comprises shops, shop-offices, terraced houses, townhouses and a four-storey hypermarket.

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