Malaysia Pacific Corporation Berhad

Media Release

Malaysia Pacific mulls two JVs
Business, The Star, 17 January 2008

KUALA LUMPUR : Malaysia Pacific Corp Bhd is in talks with separate parties on two proposed joint ventures.

The company told Bursa Malaysia it was in advanced discussions with a strategic partner on taking up 20% equity stake in Taman Bandar Baru Masai Sdn Bhd, a "sub-subsidiary" of Malaysia Pacific and developer of Lakehill Resort in Johor.

It was also in advanced discussion with another strategic partner to acquire a large stake in Asia-Pacific Trade and Expo City Sdn Bhd, which would develop a mixed-commercial development in LakeHill City.