Jetson, China company in JV for construction project bid

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Jetson, China company in JV for construction project bid

Business & Market 2010

Written by The Edge Financial Daily

Friday, 29 January 2010 20:14

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KUALA LUMPUR: Kumpulan Jetson Bhd has inked an MoU with China State Construction Engineering (Hong Kong) Ltd (CSCHK) to look into the possibility of tendering for a construction project along Jalan Stonor, Kuala Lumpur.

It said on Friday, Jan 29 the project involves two blocks of office building, 50 stories and 38 stories each, and a 10 storey podium block for Naza TTDI Sdn Bhd.

"The award of the project could be by way of tender or direct negotiation depending on the employer (Naza TTDI)," it said.

Under the JV, Kumpulan Jetson will hold a 60% stake and CSCHK the remaining 40%.

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Last Updated on Saturday, 30 January 2010 21:11

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