Johor eyes over RM1bil investment from China company


In a filing with Bursa Malaysia, Country View said that the acquisition

KULAI: The Johor state government is in the midst of discussions with a company from China on its plans to invest more than RM1 billion to set up a tyre manufacturing plant in the state.

State International Trade, Investment and Utilities Committee Chairman Jimmy Puah Wee Tse said the parties hoped to seal the deal by year-end.

“We are now at an advanced stage of discussion with them, and hopefully by the end of this year we will be signing a memorandum of understanding,” he said, adding that further details would be disclosed once the deal was finalised.

He was speaking to reporters after the launch of a publicity and public engagement programme on the Kulai-Sedenak Special Area Plan (RKK) 2025 draft here today.

Puah said the RKK included the development of the Sedenak Digital Valley (SDV), a green smart city pilot project, strategically located near the Senai airport and the Port of Tanjung Pelepas.

Under the development plan, the SDV will become a digital and data hub by 2025, generating 77,500 jobs, 70 per cent of which will be highly-skilled workers. - Bernama

 

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit to remain defensive next week, trading in 4.41-4.45 range against US dollar
Sewing a family legacy
Dollar ‘smile’ looks lopsided
Banning hospital IPOs won’t curb rising costs
EPF diversified strategy to withstand volatility
White Lotus fans mimic show with US$10,000 suites
Just the ticket for tourism SMEs
Desert camping, Dubai style
Ringgit bond market to fare better�
Lack of core IP leaves EMS firms vulnerable to market shifts

Others Also Read