Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily, on May 18, 2016.

 

KUALA LUMPUR: Track and trace solutions provider SMTrack Bhd has entered into a strategic agreement with Cherish Words Sdn Bhd and China’s Anhui Construction Engineering (M) Sdn Bhd to jointly bid for construction projects in Southeast Asia (SEA).

In a filing with Bursa Malaysia yesterday, SMTrack said the joint venture’s business and affairs shall be limited strictly to construction projects.

“Cherish Words shall be responsible for tendering and securing projects in Southeast Asia, and shall appoint SMTrack as its main contractor, who shall in turn use Anhui as its main subcontractor,” it added.

SMTrack said the agreement will enable its presence to be firmly established and expanded in the region. It had announced in March that it was tying up with Cherish Words to take on subcontracting works to build 300 houses for the Federal Land Development Authority in Negeri Sembilan.

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