Published on: Wednesday, March 03, 2021
By: Bernama
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Kuala Lumpur: China’s Nine Dragons Paper (Holdings) Limited, the largest paper and paperboard manufacturer in Asia, is committed to increasing its investment by RM5.4 billion in Malaysia, said Prime Minister Tan Sri Muhyiddin Yassin.
He said the increase in investment by the group clearly reflected the confidence of foreign investors to continue making Malaysia their destination of choice.
“The Malaysian government is very ‘pro-business’ and always welcomes the entry of new investments into the country, and is ready to offer various incentives to encourage more foreign investment into Malaysia.
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“Hopefully, the country’s economy will continue to recover and become stronger,” he said in a Facebook post after receiving the company’s delegation represented by its chairman, Cheung Yan and deputy chief executive officer (CEO) Zhang Cheng Fei, here Tuesday.