loading

KUALA LUMPUR (Feb 4): LEAP-Market listed Uni Wall APS Holdings Bhd has signed a memorandum of collaboration (MoC) with Singapore-based Sun Solutino Pte Ltd to jointly develop certain parts of Malaysia Vision Valley 2.0 (MVV 2.0).

The group, through its 80%-owned subsidiary NS Aero City Sdn Bhd, signed the MoC with Sun Solutino, which is principally involved in the generation of electricity by other sources (such as solar power and biofuels) with transmission, distribution and sale of electricity as its secondary activity.

In a statement to the local stock exchange, Uni Wall said the collaboration includes the funding by Sun Solutino for the development of certain parts of MVV 2.0’s beach area, new data centres and solar farms, as well as other solar energy investments with an estimated investment value of up to RM1 billion.

MVV 2.0 is an economic growth corridor initiated by the Negeri Sembilan government and is designated as one of 17 promoted development zones in the Malaysian National Physical Plan. The overall development, which aims to become the next integrated city in Southeast Asia, is driven by public-private partnerships and covers 153,411ha of land in the districts of Seremban and Port Dickson.

Under MVV 2.0, Uni Wall chief executive officer Siow Hon Yuen said the group intends to create a prosperous, inclusive and sustainable platform for industrial companies to invest in Negeri Sembilan.

“This will be a great opportunity for us to leverage on our wide-ranging expertise in the construction sector while Sun Solutino provides support in Real Estate Investments (REITs), development management and international networking.

“We are confident that with the combination of this and support from governmental authorities, we will be able to further the Negeri Sembilan state government’s agenda to stimulate the local economy by targeting key industry players that are able to make an overall impact,” he added.

Uni Wall was last traded at 79 sen, giving the home-grown building facade specialist a market value of about RM577.8 million.

Source: EdgeProp, Syafiqah Salim / February 4, 2022

You have already added 0 property

Login

Forgot Password?

Register