China's Nine Dragons Paper investing RM5.4bil in Malaysia thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (March 2): China’s Nine Dragons Paper (Holdings) Ltd, the largest paper and paperboard manufacturer in Asia, is committed to increasing its investment by RM5.4 billion in Malaysia, said Prime Minister Tan Sri Muhyiddin Yassin.
He said the increase in investment by the group clearly reflected the confidence of foreign investors to continue making Malaysia their destination of choice.
“The Malaysian government is very ‘pro-business’ and always welcomes the entry of new investments into the country, and is ready to offer various incentives to encourage more foreign investment into Malaysia. Hopefully, the country s economy will continue to recover and become stronger, he said in a Facebook post after receiving the company s delegation represented by its chairman Cheung Yan and deputy chief executive officer (CEO) Zhang Cheng Fei, here Tuesday.
Third From left is Nine Dragons Paper (Holdings) Ltd chairlady, Cheung Yan with Prime Minister Tan Sri Muhyiddin Muhammad Yassin. First from left is Nine Dragons Paper PR and admin director Isabel Kow Soek Foon and deputy CEO Zhang ChengFei. Second from right is Senior Minister, Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali and MIDA CEO Datuk Azman Mahmud.
KUALA LUMPUR: China’s Nine Dragons Paper (Holdings) Ltd will invest up to RM5.40bil, involving the acquisition of a mill, and a factory to focus on paper products in Malaysia, endorsing the country’s attractive investment environment and business friendly policies.
2021-03-02 11:32:24 GMT2021-03-02 19:32:24(Beijing Time) Xinhua English
KUALA LUMPUR, March 2 (Xinhua) Nine Dragons Paper, a Chinese paper manufacturing company listed on the Hong Kong Stock Exchange, will invest 5.4 billion ringgit (about 1.33 billion U.S. dollars) in Malaysia, the Malaysian Investment Development Authority (MIDA) said on Tuesday.
The group s investments in Malaysia consists of two manufacturing facilities, namely ND Paper (Malaysia) in Bentong, Pahang involving the acquisition of an existing pulp and paper mill with a total investment value of 1.2 billion ringgit; and ND Paper Malaysia (Selangor) in Banting, Selangor with an investment value of 4.2 billion ringgit that will focus on test liner, kraft liner, corrugated medium paper, paper and pulp.
中信保诚丰裕一年持有期混合A : 中信保诚丰裕一年持有期混合型证券投资基金基金份额发售公告- CFi.CN 中财网 cfi.net.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cfi.net.cn Daily Mail and Mail on Sunday newspapers.