KUALA LUMPUR (Oct 1): Property developer Tanco Holdings Bhd (KL:TANCO) said it has teamed up with China Civil Engineering Construction Corp (CCECC) to explore engineering, procurement and construction works and financing opportunities for transportation infrastructure projects in Malaysia.

In a filing with Bursa Malaysia on Wednesday, the group said it has, through its wholly owned unit Tanco Builders Sdn Bhd, entered into a consortium framework cooperation agreement with CCECC to establish a 51:49 joint venture.

CCECC, a state-owned enterprise holding China’s national super grade qualification for railway project contracting, is a seasoned player with extensive experience in international contracting and economic cooperation.

Tanco said the partnership is in line with its strategy to expand its building and construction portfolio into transportation infrastructure.

Once known primarily as a resort developer, Tanco has diversified beyond its core property business to pursue complementary and synergistic ventures.

Its portfolio now spans infrastructure, construction, logistics and an affiliate real estate sales agency, with the aim of building an integrated real estate solutions ecosystem. The group is also investing in high-growth healthcare and the sustainable port services sector to drive long-term expansion.

Tanco’s latest initiatives include developing a smart AI container port in Negeri Sembilan via Midports Holdings Sdn Bhd to enhance local and international trade, as well as the pharmaceutical sector through Herbitec (M) Sdn Bhd, which focuses on herbal-based health products.

Shares of Tanco rose one sen or 1.11% to close at 91 sen on Wednesday, giving the group a market capitalisation of RM5.58 billion.