PETALING JAYA: Astral Asia Bhd has secured a government grant via its wholly-owned subsidiary Tasja Development Sdn Bhd to facilitate the phase one development of the Kuantan Hi-Tech Park.
Astral said in a statement that Tasja had already signed the agreement with the Government and Bank Pembangunan Malaysia for a facilitation fund of RM57.5mil for the phase one development of the 2,433.68-acre integrated industrial park.
It added that work on the park was expected to start early next year.
Tasja is to be the developer of the Kuantan Hi-Tech Park phase one project while Syarikat Ladang LKPP Sdn Bhd (SLLKPP) was to provide land for the development.
SLLKPP is 65%-owned by Astral and 35% by the Pahang state government agency Lembaga Kemajuan Perusahaan Pertanian Negeri Pahang.
The Kuantan Hi-Tech Park is to be developed with a vision to integrate the development of the industrial zone as a catalyst project and natural progression, which is complementary to the current activities undertaken in the East Coast Economic Region’s Special Economic Zone of Malaysia.
By The Star
Tuesday, July 10, 2012
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