KUALA LUMPUR: Nagamas International Bhd has teamed up with Chinese construction firm Zhiangxu Zhenda Construction Co Ltd to market and sell upcoming commercial and residential units in Huizhou city, China. Nagamas’ wholly-owned subsidiary Nagamas International (HK) Ltd (NIHK) signed the marketing joint venture (JV) agreement with Zhiangxu Zhenda to market the Longji Blue Bay project currently being developed on a 0.74ha parcel of land, with built-up area of 3.73ha. Its fixed asset totals 40 million renminbi (RM18 million). Construction projects in hand that are expected to be completed in 2008 have a total gross development value of more than RMB200 million.
(16-1-2008 The Edge)
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