<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 12): Malaysia Pacific Corp Bhd (MPCorp) said it has entered into a joint venture (JV) agreement with Taiwan-based Chun Fu Development Sdn Bhd to jointly develop 13 pieces of land in Plentong, Johor.</p></div>

<div class=newsTextDataWrapInner><p>According to a filing with the exchange, MPCorp said it entered the agreement via its wholly-owned subsidiaries Taman Bandar Baru Masai Sdn Bhd and Lakehill Resort Development Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Under the agreement, MPCorp shall hold up to 35% in the JV company while the remaining 65% will be held by Chun Fu.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"All profits, costs and liabilities for the JV shall be shared between parties in accordance with the shareholding ratio," said the loss-making property company.</p></div>

<div class=newsTextDataWrapInner><p>The signing of the JV agreement follows the execution of a non-binding term sheet between MPCorp and Chun Fu in February.</p></div>

<div class=newsTextDataWrapInner><p>MPCorp rose 1 sen or 9.09% to close at 12 sen, giving it a market capitalisation of RM34.52 million.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (July 12): Malaysia Pacific Corp Bhd (MPCorp) said it has entered into a joint venture (JV) agreement with Taiwan-based Chun Fu Development Sdn Bhd to jointly develop 13 pieces of land in Plentong, Johor.

According to a filing with the exchange, MPCorp said it entered the a...

MPCorp enters JV to develop 13 pieces of land in Johor

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