Ewein Land in JV project

  • Business
  • Wednesday, 25 Dec 2013

KUALA LUMPUR: Ewein Bhd subsidiary Ewein Land Sdn Bhd and Consortium Zenith BUCG Sdn Bhd have proposed a joint venture for a mixed development in Bandar Tanjong Pinang, Penang.

The joint venture would be via Ewein Zenith Sdn Bhd, in which Ewein Land would own 60% and Consortium Zenith BUCG the remaining 40%, Ewein said in a filing with Bursa Malaysia yesterday.

“Upon the agreement, Ewein Land shall pay RM79.8mil to the proposed joint venture and for the land to be alienated to Ewein Zenith,” it said. — Bernama

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