BEIJING, Oct. 10 (Xinhua) -- China Wu Yi Co., Ltd (000797.SZ) and its wholly-owned subsidiary signed a framework agreement with Malaysian company SWT International Sdn Bhd (SWT) on Tuesday on jointly building a land reclamation project in a Malaysian city.
According to a filing to the stock exchange, SWT plans to build a strait city project in Malacca City, Malaysia. In this project, China Wu Yi Co., Ltd will carry out the land reclamation in the form of EPC, and its wholly-owned subsidiary will provide consulting and financing support in this process.
The contract value of this project is expected to reach 180 million U.S. dollars. (Edited by Li Wenxin, liwenxin@xinhua.org)
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