Jiangsu Provincial Construction Closes $1.18B Project in Malaysia


Via chinadaily.com.cn

KUALA LUMPUR – Malaysia’s PRG Holdings on Thursday signed a collaboration agreement with China’s Jiangsu Provincial Construction Group’s Malaysian unit, which will pave the way for a potential 5 billion ringgit ($1.18 billion) construction project.

In a statement, PRG said its subsidiary Premier JPC has entered into a collaboration agreement with Jiangsu Provincial Construction Malaysia (JPC), to venture into highway, bridge, port, housing development, as well as project investment and financing projects in Malaysia and internationally.

The collaboration will also include the potential 5-billion -ringgit construction project to be developed by PRG and the subsidiaries of Syarikat Perumahan Negara, a housing development company under the Ministry of Finance in Malaysia.


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