Hong Leong to spend RM40mil on innovation exchange

HLXM General Manager Mohd Reezan Mohd Fadzil(pic) speaking during HLX Integrated Innovation Centre Collaboration with KCOM Group in support of Malaysia Digital Transformation press conference yesterday

KUALA LUMPUR: Conglomerate Hong Leong Group, via its property arm Guocoland (Malaysia) Bhd, will invest RM40mil to develop a 32-storey tower that houses co-working spaces, events and co-living facilities, innovation labs as well as talent development centres.

The HLX Integrated Innovation Centre, which is said to be Asia’s first innovation exchange, will have a total space of 250,000 sq ft and aims to accommodate start-ups, large corporations, technology partners and venture capitalists.