New Straits Times - - Business -

216 rooms with in­te­rior fit-out and fur­nish­ing, and as­so­ci­ated in­fra­struc­ture works.

The con­tract for Phase 2 of the Porto de Melaka project comes on the heels of a RM153 mil­lion con­tract for Phase 1 that was awarded to Har­vest Court Con­struc­tion by Tinta Ang­gun En­gi­neer­ing in Oc­to­ber 2015 to build 120 ser­viced suites and 24 spa vil­las.

The Porto De Melaka project spans 4.014ha and is close to the buf­fer zone of the United Na­tions Ed­u­ca­tional, Sci­en­tific and Cul­tural Or­gan­i­sa­tion World Her­itage Site in the state.

The mixed-de­vel­op­ment project in­cludes a five-star ho­tel, a re­tail mall and 382 villa apart­ments.

Anzo, which be­gan as a man­u­fac­turer of an ex­ten­sive range of tim­ber prod­ucts, is evolv­ing into a con­struc­tion player while grow­ing its tim­ber man­u­fac­tur­ing base.

To fund its growth, the com­pany has an­nounced a cor­po­rate ex­er­cise of rights is­sue with at­tached war­rants to raise RM9 mil­lion.

Anzo man­ag­ing di­rec­tor Datuk Ed­die Chai said the group was back in the black through a strat­egy of build­ing on its core strengths while ex­plor­ing and ex­celling in new ar­eas of busi­ness.

“The com­bined value of the Porto De Melaka project is more than RM260 mil­lion,” he said.

Anzo was also plan­ning to turn a 10ha site into an in­dus­trial park with sin­gle and semi-de­tached fac­tory units, said Chai, adding that con­struc­tion would be­gin next year. Ber­nama

DRB-HICOM Uni­ver­sity is the world’s only uni­ver­sity ded­i­cated to pro­vid­ing a com­plete range of au­to­mo­tive cour­ses.

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