Tianjin, September 1 — Malaysia has secured another major foreign investment commitment, as China’s Lianhong Group will invest RM820 million (approximately USD 175 million) to build a research and development center along with a manufacturing plant in Johor.
Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced the commitment following his meeting with Lianhong Chairman and CEO Li Haiping, as well as Chief Technologist Sun Chunguang.
This investment is expected to create a significant number of high-skilled job opportunities in Malaysia and further strengthen Johor’s position as a hub for advanced industries.
Headquartered in Tianjin, Lianhong is a global leader in polymer material anti-aging additive products and technologies, serving major industries worldwide.
Anwar also met with senior executives of China Communications Construction Company Ltd (CCCC), including Chairman Song Hailiang and Vice President Chen Zhong, to review the latest progress of the East Coast Rail Link (ECRL) project.
“The ECRL has become a symbol of Malaysia-China friendship under the Belt and Road framework,” Anwar said.
“It will help bridge regional development gaps and bring long-term economic benefits to local communities.”
Anwar emphasized that the MADANI Government will continue to encourage foreign investments, drive the growth of Malaysia’s high-tech industries, and deepen Malaysia-China’s long-term trade and economic relations, to create a more prosperous future for the people.