Innopac to enter joint venture to develop land in Perak into an industrial park
Atiqah Mokhtar • • 2 min read
Malaysian developer Wanland Metro is proposing to develop 48.4 acres of land owned by Innopac into an industrial park.
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Beleaguered company Innopac Holdings announced that its wholly-owned subsidiary Awana Rentak has entered into a memorandum of understanding (MOU) with Malaysian developer Wanland Metro in relation to a joint venture to develop land in Tanjung Malim, Perak, Malaysia.
Awana Rentak currently owns 48.4 acres of industrial land in Tanjung Malim, which it has unsuccessfully tried to sell in the last two years.
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