In a filing to Bursa Malaysia yesterday, Astral said the 599.41ha leasehold project would comprise a commercial centre, an industrial centre, a mixed residential designs, public amenities and infrastructure.
Astral said the project incorporated a high-tech park to be named - Kuantan Hi-Tech Park.
It said upon the implementation of the proposed joint venture, the business of Astral would be diversified to include property development.
Astral is principally engaged in the cultivation of oil palm, civil engineering and construction works and property development.
By Bernama
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