HIL Industries gets nod to undertake JVs for projects

HIL Industries president and chief executive officer Datuk Milton Ng (pic) said the JVs are in line with the company’s aim to expand its property business in the Klang Valley.

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

The one-stop plastic solution provider and property developer will partner with Unik Sejati Sdn Bhd, Pembinaan Kesentosaan Sdn Bhd, and Amverton Carey Golf & Island Resort Sdn Bhd (Amverton Carey) in JVs to develop residential developments with an estimated gross development value (GDV) of RM471.1mil on 40.9ha in Selangor.