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Article: BiotechCorp, UEM Land to develop biotech park
- Article from:
- New Straits Times
- Article date:
- September 18, 2009
- Author:
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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 ...