26, 2009 16:02 PM
STG Group To Invest RM50 Million In Kenyir Lake Resort Project
KUALA LUMPUR, June 26 (Bernama) -- The STG Group, developer of the Gold Coast Resorts projects, will be investing RM50 million in a lake holiday resort in Kenyir.
This development by the STG Group is its second in the East Coast Economic Region (ECER).
The first is the RM10 million Gold Coast Kuantan resort with 99 apartment suites, with a view of the South China Sea.
"The Gold Coast Kenyir development will be unique. The project will comprise a hotel mall with shops, longhouses and bungalows built over Kenyir Lake's serene waters," STG chairman, Datuk Dr Alex Tan said in a statement today.
The Gold Coast Kenyir project will be rolled out in March 2010.
The STG Group is targeting to be listed by 2012.
-- BERNAMA
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