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Article: AmCorp injoint venture to develop satellite town near Sibu
- Article from:
- New Straits Times
- Article date:
- January 17, 2007
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Desmond Davidson
New Straits Times
01-17-2007
AmCorp injoint venture to develop satellite town near Sibu
Byline: Desmond Davidson
Edition: Main/Lifestyle
Section: Business Times
Type: Company
AMCORPGROUP Bhd (AmCorp) and the Sarawak Housing Development Corp (HDC) have entered into an agreement to form a joint venture company to "replan and revitalise" the ailing 10-year-old SibuJaya satellite town, about 17km from Sibu town.
AmCorp will hold a 60 per cent stake in the yet-to-be-named joint venture company and HDC the remaining 40 per cent.
AmCorp executive director Azlan Baqee Abdullah said the scope of work for the joint venture company would be to replan the 1995 SibuJaya masterplan into one ...
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