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Friday, May 7, 2010

Kumpulan Jetson unit set to form JV

PETALING JAYA: Kumpulan Jetson Bhd’s wholly-owned subsidiary Jetson Construction Sdn Bhd (JCSB) has entered into a joint-venture agreement with China State Construction Engineering (Hong Kong) Ltd to form a joint-venture (JV) entity.

The company told Bursa Malaysia that the JV would prepare and submit a tender invited by Naza TTDI Sdn Bhd for the proposed development of a 38-storey building with 10 levels of podium for Platinum Park in Kuala Lumpur.

JCSB will have a 60% stake in the JV, which is aimed at pooling and sharing resources in technical and management skills, finance and equipment.

By The Star

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