BANDAR SERI BEGAWAN (Bernama-Xinhua): Hengyi Industries, the largest joint venture between Brunei and China, signed an Implementation Agreement for the Pulau Muara Besar (PMB) Phase 2 Development Project on Wednesday, marking another milestone for the flagship petrochemical project.
Hengyi Industries is a joint venture between China's Zhejiang Hengyi Group and Damai Holdings, a wholly-owned subsidiary under the Brunei government's Strategic Development Capital Fund, owning 70 per cent and 30 per cent of the shares, respectively.
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