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Thursday, August 12, 2010

Gadang to launch RM110m property projects

KUALA LUMPUR: GADANG HOLDINGS BHD plans to launch RM110 million worth of property projects over the next year in Kuala Lumpur and Johor.

A company official said on Thursday, Aug 12 Gadang was also looking to expand its plantations in Sabah via joint ventures with the landowners. Currently, it has plantations in Ranau, Sabah.

On the proposed joint venture with Long An Province People's Committee, Vietnam to undertake a waterworks project with 300,000 cubic metres daily capacity there, he said it was still at a feasibility stage.

Its subsidiary Green Water Investment had signed an MoU with Long An People's Committee in November 2008 for the proposed project.
The delay was due to the change in the local government there, the official said.

By The EDGE Malaysia

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