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Monday, September 29, 2008

Mah Sing plans overseas venture by 2010

PROPERTY developer Mah Sing Group Bhd will begin its first international project within two years, says its top official.

Although overall, Asian economies have slowed, Mah Sing said it was the best time for the developer to plan and explore markets such as Vietnam, China, India and Indonesia.

"Once we find the right project, we may start in one or two years. The economy in Vietnam should recover in a year or so. Therefore, we are looking at residential and commercial developments in Vietnam," Mah Sing group managing director and group chief executive Datuk Seri Leong Hoy Kum said.

Business Times had previously reported that the developer was looking at a RM1 billion township project with a local partner in Vietnam.

Leong did not rule out the possibility of carrying out industrial developments as well.

"We can even put up an industrial park in Indonesia. But we are market-driven and will cater for what the market needs," he said.

By New Straits Times

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