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Friday, July 23, 2010

Nagamas plans Yongzhou project

KUALA LUMPUR: Nagamas International Bhd’s wholly-owned unit Nagamas Enterprise (HK) Ltd has signed a memorandum of understanding (MoU) with the government of Yongzhou City to undertake China’s Yongzhou International Multi-Trade Project.

Nagamas said in a filing with Bursa Malaysia the project comprised an airport, along with administrative and management, residential, green belt, commercial, leisure, entertainment and industrial zones.

The project entails planning and investing in a piece of land situated in the surrounding 50km area of Lingling Airport in Yongzhou and Chaisze town.

Nagamas will act as a master planner and be involved in project and property management and become its exclusive marketing agent.

By Bernama

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