Greenland-Knusford JV to bid for jobs in region

JOHOR BARU: China’s Greenland Construction Co Ltd and listed entity Knusford Bhd are joining hands to bid for major building jobs and infrastructure projects in the region.

Under the deal, Knusford’s wholly-owned subsidiary Kota Express Sdn Bhd (KESB) and Greenland’s Malaysian entity – Greenland Malaysia Urban Development Sdn Bhd (GMUD) – will form a joint-venture (JV) company, which has not been named yet, to spearhead their strategic alliance. GMUD and KESB will hold 55:45 equity respectively in JV company.