Johor to get almost half of RM170bil China investments, claims state exco member

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Johor to get almost half of RM170bil China investments, claims state exco member
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JOHOR BARU: Johor is getting a big slice of the RM170bil worth of investments Malaysia will receive from China, claims state investment, trade and consumer affairs committee chairman Lee Ting Han.

He said that of the RM170bil, Johor would be getting RM80bil from China's largest petrochemical company Rongsheng Petrochemical Co Ltd.

"We have been helping Rongsheng since July last year when they made a series of trips to Pengerang in Kota Tinggi before they decided to invest in Malaysia. He thanked Prime Minister Datuk Seri Anwar Ibrahim and International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz for meeting with the company's highest management in Beijing recently and successfully obtaining their commitment to invest in Malaysia.

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