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Malaysia’s NV Multi to build memorial park


February 23, 2008

Malaysia’s NV Multi to build memorial park

NV Multi Corporation Bhd’s unit NV Multi Resources Sdn Bhd has teamed up with an individual, Kau Kim Bac, to undertake the development, operation and management of a memorial park in Thloeuk Village, Angsnoul District in Cambodia, reported The Edge daily in Malaysia.

The bereavement care services provider was quoted by the daily as telling  Bursa Malaysia (Malaysia’s bourse) that the joint venture was in line with its objectives of expanding its business activities to other Asian countries.

It said the project would be funded by internal funds and external borrowings. NV Multi will hold a 49 percent stake in the joint venture company.

The project, which includes the acquisition of land measuring some 10ha, would involve the construction and eventual sale of a memorial park with columbarium, burial lots, temples, chapel, funeral parlour, crematorium, and leisure park with related infrastructure.

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