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NewsUOA to partner Viet firm on RM400m job
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UOA to partner Viet firm on RM400m job
by hlk Sat 01 Oct 2011, 09:04
UOA Development Bhd and Vietnam's Hoa Binh Construction and Real Estate Corp will jointly develop Sri Petaling residential development comprising 670 units of condominiums with an estimated gross development value (GDV) of RM400 million.
In a statement today, UOA said work on the project was scheduled to commence in the fourth quarter of 2011 and the project was slated for completion towards end-2013.
Both companies signed a memorandum of understanding (MOU) yesterday.
As part of the MOU, a commitment is established by UOA and Hoa Binh Corp to explore a synergy of construction capabilities for projects in Malaysia, Vietnam and the region.
UOA said it was confident the strategic construction collaboration with Hoa Binh Corp would complement its existing construction arm in its developments. -- BERNAMA
In a statement today, UOA said work on the project was scheduled to commence in the fourth quarter of 2011 and the project was slated for completion towards end-2013.
Both companies signed a memorandum of understanding (MOU) yesterday.
As part of the MOU, a commitment is established by UOA and Hoa Binh Corp to explore a synergy of construction capabilities for projects in Malaysia, Vietnam and the region.
UOA said it was confident the strategic construction collaboration with Hoa Binh Corp would complement its existing construction arm in its developments. -- BERNAMA
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