IJM enters JV to develop logistics hub in City of Elmina

Tan Sri Teo Chiang Hong (left) and Lee Chun Fai, group managing director and CEO of IJM at the signing of shareholders agreement between IJM and FMM

KUALA LUMPUR: IJM Corp Bhd's wholly-owned subsidiary IJM RE Sdn Bhd has entered into a joint venture agreement with FMM Elmina Sdn Bhd to develop two state-of-the-art logistics hubs in the City of Elmina, Shah Alam.

In a statement, IJM said the two parties had entered into a subscription and shareholders agreement to establish Exio Logistics Sdn Bhd, a special purpose vehicle responsible for the construction and development of the logistics hubs.