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Tuesday, April 29, 2008

BLand gets Viet cert for project

BERJAYA Land Bhd (BLand) said yesterday that it has received the investment certificate from Vietnam's licensing authority for its Bien Hoa project.

A joint venture between BLand and Industrial Urban Development Joint Stock Company No 2 will build offices and houses, among others, under the project.

Its estimated gross development value is US$230 million (RM726.8 million) while development cost is US$180 million (RM568.8 million).

Work is due to start later this year and is scheduled for completion in stages from between 2010 and 2011, BLand told Bursa Malaysia.

By New Straits Times

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