GB Asiatic, CMEC team up in power and drugs projects worth RM9.2bil

GB Asiatic Ventures Sdn Bhd has partnered with China Machinery Engineering Corp (CMEC) to sign two memorandums of developments with AJ Pharma Holding Sdn Bhd and PT Sriwijaya Utama Energy to undertake projects worth RM9.2bil.

GB Asiatic chief executive officer Datuk Wong Kong Choong said the projects involved building the world’s first halal vaccine and pharmaceutical plant for AJ Pharma with gross development value (GDV) of RM330mil in Bandar Enstek, Negri Sembilan and two coal-fired power plants in south Sumatra, Indonesia, with PT Sriwijaya worth around RM8.82bil.

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Posted December 23, 2015 by repit in News

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