KUALA LUMPUR: Hiap Teck Venture Bhd said its jointly-controlled entity, Eastern Steel Sdn Bhd, signed a facilitation fund agreement with the government and Bank Pembangunan Malaysia Bhd for a blast furnace project in Kemaman, Terengganu.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20130503234850/Article/
Published: May 05, 2013
Under the deal, the government will provide a 10 per cent grant, or RM142 million, whichever is lower, of the project’s construction costs.
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