KUALA LUMPUR: Sunway City Bhd, through its wholly owned subsidiary Sunway City (Singapore) Pte Ltd, entered into an Equity Joint-Venture Contract with Sino-Singapore Tianjin Eco-city Investment and Development Co. Ltd (SSTEC) to develop 69 acres of land in Sino-Singapore Tianjin Eco-City, Tianjin, China.

The Group announced on Wednesday, Oct 27 that the contact was entered on Tuesday, Oct 26 and the new entity created is called Tianjin Eco-City Sunway Property Development Co Ltd.

In an earlier announcement on Oct 27, 2009, Sunway City entered into a Memorandum of Understanding with SSTEC to jointly develop more than 98.8 acres in the Sino-Singapore Tianjin Eco-City with residential and commercial projects.

In April 30, 2010 it entered into a Collaboration Agreement with SSTEC to iron out details of the development.

The remaining area of 29.8 acres will be developed by another planned foreign equity joint venture, the Group said.

SHARE
SPONSORED CONTENT
Maris and The Lume spell the Andaman standard in luxury high-rise coastal living in Penang

Whether it’s the marina-edge vibrancy of Maris, where panoramic sea views meet urban ease; or the resort-style tranquillity of The Lume, where space, privacy, and timeless design reign, these developments reflect the highest standards of craftsmanship and liveability.

read more