Thailand expresses interest in MPC's APTEC

KUALA LUMPUR: Thailand's government has expressed interest in participating in Malaysia Pacific Corp Bhd's (MPC) LakeHill Resort development and the RM3 billion Asia Pacific Trade & Expo City (APTEC) in Johor's Iskandar Malaysia.

In a statement on March 16, MPC said Thailand's Ministry of Commerce had expressed "keen interest" in APTEC in Iskandar Malaysia following a meeting between the company's CEO Datuk Bill Ch'ng and executive director Datin Kong Yuk Chu with the deputy minister Alongkorn Ponlaboot and the deputy permanent secretary Rachane Potjarasuntorn at the ministry office on Feb 26.

It added that a meeting would be scheduled in due course in respect of a full presentation by Ch'ng to the "Cabinet Committee" for a detailed study and consideration.

MPC had last December signed a letter of intent with Thailand's Royal Asia Company Ltd and a Thai national, Chutamas Vongvorakit, to explore partnership opportunities in developing APTEC.

MPC said on March 16 it was Chutamas who had informed the company of the Thailand government's "expressed interest" to cooperate and/or to form a joint venture in the development of the resort and APTEC.

It has been reported that MPC was seeking local and international partners to jointly develop APTEC.

This article appeared in The Edge Financial Daily, March 17, 2010.
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