Tan Sri Dato’ Leong Hoy Kum, group managing director
of Mah Sing Group Berhad, briefed Liang during the meeting on the group’s
investment in Jiangsu and introduced Mah Sing Group. Xue Yong Zhe, president of
DanLong Realty (Beijing) Co Ltd, Mah Sing Group’s joint-venture partner in
Jiangsu, China, was also present during the meeting.
In an issued press release on 22 December, Mah Sing Group
said, “Secretary Liang warmly welcomed Mah Sing’s entry into Wujin and suggested
that the Group develop not only residential projects, but also commercial
projects including offices, and projects to support the logistics and service
industry such as hotels. He highlighted the viability of exploring the coastal
areas of Jiangsu where there can be more investment opportunities due to their
current development status.”
Tan Sri Dato’ Sri Leong said, “We are confident of
creating an outstanding development providing unique lifestyle experiences
which will transform the way people live, work and play in Wujin. We are
committed to bringing Mah Sing’s hallmark quality, from masterplanning and
design, to construction and successful completion to our project in China. Due
to our recognition and track record, we have a strong international network
that we can tap on.”
Mah Sing Group Berhad recently raised RM97.645 million
from a private placement exercise of which about RM81 million will be used for
the subscription of new shares in a company in China for the purpose of
acquisition of land use rights in Wujin to develop the mixed property
development project.
