The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila
KUALA LUMPUR: Nextgreen Global Bhd
has secured an investment of RM400mil from Asia Capital Investment Fund for the funding of working capital and costs in its Green Technology Park (GTP) projects.
The investment comprises RM280mil in share capital injection in the SPVs managing the projects, which will be 100% owned by Nextgreen, and a RM120mil loan.
In July, Nextgreen had cancelled a memorandum of understanding with China Nuclear Industry Huaxing Construction Co Ltd for its partnership in developing Phase 2 and 3 of the GTP Pekan Project.
Nextgreen Gobal has entered Phase 2 of GTP Pekan development, which requires funding for the construction of two pulp and paper mills.
According to a stock exchange filing, two other GTP projects in Johor and Sarawak are currently in the pipeline.
"GTP Johor Project and GTP Sarawak Project are currently in negotiation stage. More details would be announced by the Company in due course when the negotiation advances further which warrant announcement to be made by the Company," it said.
At 12.30pm, Nextgreen traded unchanged at 41.5 sen a share on volume of 801,800 units.
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