PETALING JAYA: LBS Bina Group Bhd
’s indirect 70%-owned subsidiary, Leaptec Engineering Sdn Bhd (LESB) has signed a reclamation and development agreement (RDA) with the Melaka state government.
In a filing with Bursa Malaysia, LBS said the agreement was for the rights to reclaim and develop an area measuring approximately 1,200 acres located at Tanjung Bruas, Melaka.
The proposed reclaimed land will be part of the Melaka Waterfront Economic Zone (M-WEZ) which spans an area of 25,000 acres located in the coastline of Melaka.
Following the reclamation works, LBS intends to develop an industry hub with port facilities which includes logistic and warehouse, manufacturing, liquefied natural gas (LNG), port related business and such other developments or economic activities on the site.
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