Malaysia’s state-linked strategic investment company VentureTECH Sdn Bhd has invested 10 million ringgit ($2.4 million) in local engineering and construction service provider CMC Group, it said in a statement on Friday.
CMC Group specialises in system technology for public transportation, info-communication and power and energy sectors. Some of its high-profile projects in Malaysia include the mainline rail and Light Rail Transit (LRT) projects. It was also involved in projects such as Ho Chi Minh City Metro Line 1 in Vietnam and Changi Airport Terminal 2 telecommunication infrastructure upgrade in Singapore.
