© Nikkei Markets
KUALA LUMPUR (Dec 19) — Malaysian steel company Chuan Huat Resources inked a pact with property developer Akisama Group on Wednesday to supply up to 200 million ringgit ($47.7 million) worth of building materials for a mixed development project in Kuala Lumpur.
Chuan Huat will be the principal supplier to the 12 blocks of 48-storied condominium project, its Chief Executive and Group Managing Director Patrick Lim said in a news conference.
The mixed development project known as RC Residences consists of 5,784 units of condominiums and 121 units of shop offices and has a gross development value of over 2.5 billion ringgit. It is scheduled to be completed in four phases over four years.
– By Gan Pei Ling
– Edited By Abhrajit Gangopadhyay