KUALA LUMPUR (Oct 26): PRG Holdings Bhd today signed a collaborative agreement with Jiangsu Provincial Construction (M) Sdn Bhd (JPC) to venture into highway, bridge, port, housing development, as well as project investment and financing projects in Malaysia and abroad.
PRG said the agreement formalises the commitments made by both parties in an earlier agreement inked in July, and regulates their rights and obligations as shareholders in the joint venture entity named Premier JPC Sdn Bhd.
PRG will hold a 51% stake in Premier JPC, while the remaining 49% will be held by JPC.
The collaboration will include construction projects potentially worth RM5 billion to be developed by PRG and the subsidiaries of Syarikat Perumahan Negara Bhd (SPNB), PRG said in a statement.
Stock: [PRG]: PRG HOLDINGS BERHAD
2017-10-27 09:25 | Report Abuse
KUALA LUMPUR (Oct 26): PRG Holdings Bhd today signed a collaborative agreement with Jiangsu Provincial Construction (M) Sdn Bhd (JPC) to venture into highway, bridge, port, housing development, as well as project investment and financing projects in Malaysia and abroad.
PRG said the agreement formalises the commitments made by both parties in an earlier agreement inked in July, and regulates their rights and obligations as shareholders in the joint venture entity named Premier JPC Sdn Bhd.
PRG will hold a 51% stake in Premier JPC, while the remaining 49% will be held by JPC.
The collaboration will include construction projects potentially worth RM5 billion to be developed by PRG and the subsidiaries of Syarikat Perumahan Negara Bhd (SPNB), PRG said in a statement.