PETALING JAYA: Hong Leong Investment Bank (HLIB) Research is positive about ITMax System Bhd
’s new venture in the development and deployment of smart city and smart integrated facilities and management solutions for townships and industrial parks.
“We believe that this home-grown smart-city integrated system and solution provider is a compelling case, given its multi-year growth potential on the back of solid order and tender books,” the research house said in a report yesterday.
ITMAX’s subsidiary Southmax Sdn Bhd recently signed a memorandum of understanding with Johor Corp’s unit Jland Group Sdn Bhd (JLG) to explore potential business opportunities in smart townships, park management and facilities management that incorporate innovative technologies for sustainable and efficient urban development, including those undertaken by JLG.
Subsequently, the parties shall engage in discussions with the aim of executing a joint-venture (JV) agreement between the parties or through their respective nominees and subsequently establishing a JV company (JVCo).
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