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Friday, October 4, 2013

MPCCORP entered MOU with Black Sea (CIMB)

Malaysia Pacific Corp Bhd (MPCORP) has entered into a memorandum of understanding with China-based Black Sea Horizon Investment Holdings Ltd to promote Malaysia as Asia's 'Economic Corridor' for trade and services with China, ASEAN, India and the Middle East. China state-owned enterprise Black Sea is principally involved in consumer trade, property development, hospitality, oil refineries and oil trade while MPCORP is involved in property investment and property development.

  • In a filing to Bursa Malaysia yesterday, MPCORP said both companies will coordinate and secure cooperation with appropriate partners with the approvals from the regulatory bodies in China and Malaysia for the Asia Pacific Trade and Expo City (APTEC) project.
  • APTEC is a consumer products trade hub and serves as a platform for the China-Malaysia Strategic Economic Partnership. (Bernama)

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