KUALA LUMPUR (Jan 31): The Johor government has appointed TEBRAU TEGUH BHD [] to develop 413 acres of land in Pengerang, Kota Tinggi, Johor for a comprehensive mixed development project.
The company said on Tuesday the land, belonging to the state government, was within the Johor oil & gas Industry hub.
The mixed development would complement Petroliam Nasional Bhd’s US$20 billion (RM60 billion) refinery and petrochemicals integrated development (Rapid).
“The company is currently negotiating the technical, financial and legal aspects of the appointment. We will make further announcement on the final terms and conditions of the said project later.
Tebrau Teguh said the project was expected to contribute positively to the future earnings and net tangible assets of the group.
The company said on Tuesday the land, belonging to the state government, was within the Johor oil & gas Industry hub.
The mixed development would complement Petroliam Nasional Bhd’s US$20 billion (RM60 billion) refinery and petrochemicals integrated development (Rapid).
“The company is currently negotiating the technical, financial and legal aspects of the appointment. We will make further announcement on the final terms and conditions of the said project later.
Tebrau Teguh said the project was expected to contribute positively to the future earnings and net tangible assets of the group.
