Eco World Development Group Bhd has inked a deal to sell 6.6 hectares of industrial land at its Eco Business Park V in Puncak Alam, Selangor, for RM53.3 million to Baosteel Can Making Sdn Bhd.
“We’re very happy that Baosteel has chosen EBP V as the site for its new manufacturing facility in Malaysia,” he said in a statement today. Baowu is a pilot enterprise of state-owned capital investment companies with a registered capital of 52.79 billion renminbi and an asset scale of over 860 billion renminbi.According to Chang, Eco World has been receiving an increasing number of enquiries from overseas industrialists, following the announcement of the National Economic Recovery Plan incentives for foreign direct investments, intending to relocate their manufacturing facilities to Malaysia.