PDC to refund Umech Land for termination of BKIP2

PETALING JAYA: The Penang Development Corp (PDC) will refund the deposit paid by Umech Land Sdn Bhd amounting to RM64.60mil, following the former’s termination of the joint development agreement (JDA) for the proposed development of Batu Kawan Industrial Park 2 (BKIP2).

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