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Tuesday, January 29, 2008

BLand in pact on Vietnam bridge project

KUALA LUMPUR: Berjaya Land Bhd (BLand) has entered into an agreement in principle with three Vietnam companies on the proposed construction of a bridge across the Dong Nai River linking Nhon Trach District, Dong Nai Province to Ho Chi Minh City. In a statement to Bursa Malaysia yesterday, BLand said it entered into an agreement with Vietnam’s Tin Nghia Co Ltd (TNC), Development Investment Construction Corporation (DIC) and Vietnam Infrastructure Hexagon Ltd (VIHL) on the proposed bridge project. Under the agreement, BLand said the parties had agreed to establish an enterprise either in the form of a limited liability company (LLC) or a joint stock company or to form a business cooperation (JV) to invest in and carry out the bridge project.

(29-1-2008 The Edge)