Ideal Property Group has recently officiated its partnership with ShenZhen Senior Technology Material Ltd. in the signing of a Memorandum of Understanding.
(PRUnderground) September 19th, 2023
Ideal Property Group, a renowned developer in Penang has announced the signing of a Memorandum of Understanding (MOU) with ShenZhen Senior Technology Material Co Ltd, a global powerhouse in the lithium battery separator industry. This MOU cements a partnership that will see the development of the Penang Technology Park (PTP)@Bertam, covering an impressive 880 acres of freehold land.
ShenZhen Senior Technology Material Co Ltd, headquartered in ShenZhen, GuangDong province, has an illustrious history of 20 years of industry expertise and leadership. With eight production bases and three research centers globally, it is a leading name in the lithium battery separator market.
“We are thrilled to join hands with ShenZhen Senior Technology Material Co Ltd for the PTP@Bertam project,” stated Tan Sri Ooi Kee Liang, Executive Chairman of Ideal Property Group. “This collaboration represents a significant milestone for both companies and marks the beginning of a promising venture that will contribute immensely to Penang’s economic growth and prosperity.”
Recently, top leaders from ShenZhen Senior Technology Material Co Ltd and Senior International Holding (Singapore) Pte Ltd visited the Chief Minister of Penang to express their strong commitment to invest in Penang island. The Chief Minister’s support for this investment highlights the potential economic growth and job creation it will bring to the region.
The investment in PTP@Bertam will be initiated in several stages by ShenZhen Senior Technology Material Co Ltd, each phase meticulously planned for steady and successful execution. The collaboration aims to combine ShenZhen Senior Technology Material Co Ltd’s global expertise with Ideal Property Group’s local insights, leading to the creation of a state-of-the-art industrial park. The investment from the company will attract its allied sectors to the industrial park, fostering job creation, knowledge exchange, and technology transfer in the region.
Tan Sri Ooi Kee Liang has been in property development for over 20 years, establishing his own property development company, Ideal Property Group in 2001. He has created a huge volume of residential and commercial development on Penang Island and has built in other parts of Malaysia as well. Market experts have granted him the title, Penang Condo King. His firm has developed much of the southwest district of Penang Island and continues to meet the population-based demand for housing needs.
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Original Press Release.