Article: BiotechCorp, UEM Land to develop biotech park

Presenna Nambiar
New Straits Times
09-18-2009
BiotechCorp, UEM Land to develop biotech park
Byline: Presenna Nambiar
Edition: Main/Lifestyle
Section: Business Times
Type: Company

MALAYSIAN Biotechnology Corp Sdn Bhd (BiotechCorp) has teamed up with property developer UEM Land Holdings Bhd to jointly set up a biotechnology park in Nusajaya, Johor, with an initial investment of RM550 million.

The two companies signed a joint-venture agreement yesterday to develop the biotech park dubbed "Bio-XCell" at the Southern Industrial and Logistics Clusters (SiLC) in Nusajaya.
BiotechCorp will hold a 60 per cent stake in the joint venture company, while UEM Land will take the rest.

Bio-XCell aims to ...

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