Penang state council approved transfer of ownership of state lands to developers as payment for work done in undersea tunnel project, says witness

KUALA LUMPUR (July 16): The Penang state executive council led by former chief minister Lim Guan Eng (pictured) in 2014 had approved the transfer of ownership of the two lands connected to the Penang undersea tunnel project to two third-party companies, in return for the work that has been done by Consortium Zenith BUCG Sdn Bhd, the Sessions Court heard today.

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Ewein aborts JV to develop luxury condo with Consortium Zenith

KUALA LUMPUR (July 2): Ewein Bhd is terminating a joint venture agreement with Consortium Zenith Construction Sdn Bhd (CZC), under which the partners had initially agreed to jointly undertake the development of The City of Dreams 2 — a luxury condominium project — on a plot of land in Penang.

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Maybank roped in for Penang megaproject

KUALA LUMPUR (Aug 28): Consortium Zenith Construction Sdn Bhd (CZC) said it had overcome a hurdle in the contentious Penang Major Roads and Third Link development as Malayan Banking Bhd (Maybank) had been roped in to provide financing for part of the project.

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