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RAND Secured Foreign Direct Investment for Projects in Malaysia
June 20, 2024
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RAND
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(Right to Left: Managing Director and CEO of Rand Development Sdn Bhd Marcus Chia Zeng Yik; Minister of Investment, Trade and Industry Malaysia Yang Berhormat Mulia Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz; and Investor Group from China.)
[KUALA LUMPUR, 20 JUNE 2024]: In conjunction with the State Visit by the Premier of China, His Excellency Li Qiang, to Malaysia for the 50th bilateral anniversary celebration between both countries, Rand Datong Development S/B (The Subsidiary of Rand Development Sdn. Bhd.) and its Investor Group from China were invited by the Ministry of Investment, Trade and Industry of Malaysia (MITI) to sign a Memorandum of Collaboration for a national project in Malaysia. This initiative continues the MoC signed between Rand Development S/B and Xiamen Datong Galaxy Investment Management Pte Ltd on April 1, 2023, at the China World Trade Centre, witnessed by the Prime Minister of Malaysia, Dato' Seri Anwar Bin Ibrahim, and six ministers.
Rand Development Sdn Bhd is the Development arm of the Rand Group Malaysia with the vision to develop State-of-the-Art properties within the Prime and Strategic areas in Malaysia. Established in year 1994, the Rand Group Malaysia has been involved in a wide array of businesses that include International Trading, Garment and Textile Manufacturing, Real Estate Development, Infrastructure Construction, Entrepreneurship Education (Embroidery Industry) and Tourism for the past 30 years. The areas of interest of Rand Development comprises of residential, commercial, hotel, industrial, large-scale township, mixed development as well as infrastructure development projects. For more information, please visit www.randland.com.my (Rand Development) and www.rand.com.my (Rand Group Malaysia).
Press Release:
1.) Dow Jones
10.) Sinar Harian
11.) The Star
12.) International Trade Council
13.) Free Malaysia Today
14.) Global Times China
15.) Business Standard
16.) The Sun
17.) Asia Financial
20.) Market Watch
21.) Nanyang Press
22.) China Press