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Saturday, November 20, 2010

Malaysia Pacific, S. Korean firm in Iskandar green city project pact

MALAYSIA Pacific Corp Bhd (MPC) has signed a memorandum of understanding (MOU) with South Korea's information technology firm LG CNS for a green city project in Iskandar Malaysia.

The MOU is to promote and develop a long term cooperation and collaboration for the Lakehill Resort and Aptec "Smart Green City" related projects in Iskandar Malaysia.

LG CNS offers IT consulting, system and network integration and outsourcing services.

The green city park will enable the services of LG CNS to be used as a strategic planner in providing information and communications technology related services in design construction and maintenance of the Smart Green City project.

However, the details and scope of the project will be determined via mutual agreement at the time of the contract which will be approved by the board of directors of MPC and LakeHill Resort Development Sdn Bhd.

MPC in a statement to Bursa Malaysia yesterday said the MOU will be effective for six months from the date of the signing and can only be renewed if both parties agreed to do so.

By Business Times

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