SUNWAY Holdings Bhd signed a me- morandum of understanding with Shanghai Zhushengyuan Real Estate Co Ltd (SZRE) to bid and work on projects together in China, starting with a mixed-development project in Changsha.
They will evaluate the feasibility of the proposed development and will jointly bid, invest, construct and develop the land.
SZRE is a property developer with a registered capital of RMB131 million.