KUALA LUMPUR (Feb 2): KNUSFORD BHD []’s associate has secured two contracts from the Johor state economic planning unit to undertake the transformation plan for the state capital.
Knusford said on Thursday its 40% associate CBD Development Sdn Bhd had received a letter regarding the transformation of Johor Bahru central district and the relocation of the city hawkers to a new building.
CBC Development would be appointed master developer for the transformation project, which would also hinge on a detailed proposal and business model.
The relocation of the hawkers would be part of the proposed transformation plan for Johor Bahru City.
“The board expects CBD Development to contribute positively to the growth of the group in later years,” it said.
Knusford said on Thursday its 40% associate CBD Development Sdn Bhd had received a letter regarding the transformation of Johor Bahru central district and the relocation of the city hawkers to a new building.
CBC Development would be appointed master developer for the transformation project, which would also hinge on a detailed proposal and business model.
The relocation of the hawkers would be part of the proposed transformation plan for Johor Bahru City.
“The board expects CBD Development to contribute positively to the growth of the group in later years,” it said.
