KUALA LUMPUR: Genting Bhd has signed a memorandum of understanding (MoU) with Chelsea Property Group to jointly study the setting up of Premium Outlets shopping centres in Malaysia. They will undertake a feasibility study in the first half of this year, specifically with respect to a proposed site in Kulai, Johor, owned by a subsidiary of Genting. Genting and Chelsea, a division of US-based Simon Property Group, had formed a working group and would share resources in conducting the study, a Genting statement said.
(23-1-2008 Bernama)
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