Minetech said to be in talks for tie-up with Sany Group of China


File picture of a quarry. Minetech owns nine quarries in Malaysia and overseas.

MINETECH Resources Bhd, whose stock has been dominating the penny stock scene in recent weeks, could likely see a tie-up with the Sany Group, a large China company involved mainly in the manufacturing of heavy machinery.

Sources say the cooperation could be centred around the construction of a hotel and casino in Cambodia and could even go a step further should Sany decide to take up a substantial stake in Minetech, which is essentially a quarry operator.

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Business , Business , minetech

   

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