EcoWorld Malaysia Offloads Industrial Land in Johor for RM119 Million
PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) has announced the sale of 32.9 acres of industrial land in Johor to Deye New Energy for RM119 million.
The property is located within Eco Business Park II in Senai, Iskandar Malaysia, according to an official statement from EcoWorld Malaysia.
Attraction of EcoWorld Business Parks
EcoWorld Malaysia’s deputy CEO, Liew Tian Xiong, stated that the sale reaffirms the growing interest of Chinese industrialists in Eco Business Parks, particularly those focused on high-tech industries and sustainable solutions.
Solar Industry’s Role in Sustainability
“Deye is a prominent manufacturer of solar photovoltaic systems, and its decision to invest here aligns with our objective of attracting companies that contribute to lowering carbon emissions,” he said.
Deye’s Long-Term Plans
Deye, a subsidiary of Ningbo Deye Technology Co, is a leading Chinese producer of power inverters. The company has recently disclosed its intention to invest up to US$150 million in a solar equipment manufacturing facility in Malaysia.
Ningbo Deye is recognized as a key player in the global solar inverter market and a major high-tech enterprise in China.
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