Asia
Techna-X Forms Joint Venture with KL Post
Techna-X (KLSE:TECHNAX) signed a joint venture agreement with KL Post to establish a special purpose vehicle to execute and undertake a project, according to a Thursday filing with the Malaysian Exchange.The information technology and support services provider will have a 51% stake in the vehicle, which will be incorporated within 30 days of the execution of the agreement.Under the agreement, Techna-X will provide technical support, qualified workforce, financing assistance and strategic advice, while KL will award the entire project to the vehicle, conduct assessments, maintain client relationships and manage the project.
KLSE:TECHNAX
