MYEG through its sub subsidiary MY EG Lodging (NC) Sdn Bhd has entered into Lease Agreement with The Penang Development Corporation for a term of thirty years commencing a lease consideration of RM20.4 million
MYEGLNC is principally involved in the provision of workers accommodation services.
The Lease Agreement was entered into in relation to the tender to set up a workers’ village and related facilities at Batu Kawan Industrial Park 3 (BKIP 3), Mukim 14, Bukit Tambun, Seberang Perai Selatan, Pulau Pinang.
The Project is to lease a land measuring 8.39 acres at a value of RM20,393,137 for a duration of 30 years to build and complete as well as manage and operate the workers village and related facilities. The completed workers village is estimated to accommodate 7,500 foreign workers and will comply with Jabatan Tenaga Kerja Semenanjung Malaysia guidelines as well as certified with GreenRE
