KUALA LUMPUR (March 26): PERAK CORPORATION BHD [] (PCB) shares edged up in early trade on Monday on news it was working with Sanderson Project Development (M) Sdn Bhd to develop and operate an animation theme park in Ipoh. The project includes hotel and high-rise residential portions.
At 9.18am, PCB was up eight sen to RM1.47 with 401,900 shares traded.
Perak Corp said last Friday, the gross development value was estimated at RM506.7 million approximately to develop the project.
Its unit, PCB Development Sdn Bhd had entered into a heads of agreement with Sanderson to set up a joint venture company in which PCB would hold 20% and SPDM 80%.
SPDM will negotiate with third parties in relation to raising funds for the JV to develop the project.
At 9.18am, PCB was up eight sen to RM1.47 with 401,900 shares traded.
Perak Corp said last Friday, the gross development value was estimated at RM506.7 million approximately to develop the project.
Its unit, PCB Development Sdn Bhd had entered into a heads of agreement with Sanderson to set up a joint venture company in which PCB would hold 20% and SPDM 80%.
SPDM will negotiate with third parties in relation to raising funds for the JV to develop the project.
