PanaHome and local developer in joint venture

PanaHome Corporation president Yasuteru Fujii (left) and Chen at the announcement of the joint venture.

PANAHOME (M) Sdn Bhd, the local property arm of Japan’s Panasonic Group, has formed a new joint venture company with local developer MKH Bhd, to provide home solutions for development projects undertaken by MKH.

PanaHome will hold 51% in the new company, PanaHome MKH (M) Sdn Bhd, while the remainder 49% is owned by MKH’s subsidiary, Kajang Resources Corporation Sdn Bhd.