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Nikkei Markets

Malaysia's Metronic Global, MB Longji To Collaborate For Halal Industrial Park

By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Dec 15) -- Malaysia's system integration services provider Metronic Global said Friday it has signed a collaboration agreement with MB Longji Holdings for the development of a Halal Industrial Park in China.

Under the agreement, both parties have agreed to collaborate with each other for purposes of bringing in investors to invest in and to purchase land within the Halal Industrial Park, it said in an exchange filing. The company did not specify the estimated investment to be incurred for the Halal hub.

On rationale, the company said the agreement could boost its order book and revenue within the engineering business segment.

The collaboration agreement will be valid for one year with an option to extend for another year, it added.
- By Gho Chee Yuan; Terence.Gho@nikkeinewsrise.com; 60320267363
- Edited By Lopamudra Bhattacharya
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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