HIL Industries receives approval to undertake JVs for residential developments

HIL Industries president and chief executive officer Datuk Milton Ng

KUALA LUMPUR: HIL Industries Bhd has received its shareholders’ approval at the extraordinary general meeting to undertake residential development joint-ventures (JVs) on five parcels of land in Sungai Buloh, Klang and Jugra, Selangor.

In a statement Wednesday, HIL said it would partner Unik Sejati Sdn Bhd, Pembinaan Kesentosaan Sdn Bhd and Amverton Carey Golf & Island Resort Sdn Bhd to develop residential developments with an estimated gross development value (GDV) of RM471.1mil on 40.9 hectares land in Selangor.