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China's Nine Dragons Paper committed to increasing investment by RM5.4b in Malaysia, says PM Muhyiddin

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. ....

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China's Nine Dragons Paper to invest RM5.4b in paper mill, factory

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. ....

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