TSR Cap in Langkawi re­sort town­ship deal

New Straits Times - - Business | News -

KUALA LUMPUR: TSR Cap­i­tal Bhd will be de­vel­op­ing a re­sort town­ship with an es­ti­mated gross devel­op­ment value of RM3.25 bil­lion in Langkawi jointly with the landowner, Teru­san Al-Maju Sdn Bhd, and United States­based Globe Ven­ture Hold­ings Inc. The com­pany inked a mem­o­ran­dum of un­der­stand­ing to de­velop 30.76ha fronting the Blue An­daman Sea. The Bea­con Langkawi devel­op­ment is set to be­come a first-class tourist des­ti­na­tion and at­trac­tion, said TSR Cap­i­tal.

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