Teladan enters MoU to develop German tech park in Melaka

Melaka Corp CEO Datuk Mohd Yusof Abu Bakar (seated, fourth from left) and Teladan managing director Richard Teo Lay Ban (seated, second from left) at the signing of the agreement in the presence of Chief Minister of Melaka Datuk Seri Ab Rauf Yusoh (standing, centre), Melaka State Secretary Datuk Wira Zaidi Johari (standing, left), and Ambassador of the Federal Republic of Germany Peter Blomeyer (standing, right)

KUALA LUMPUR: Teladan Group Bhd via its wholly-owned subsidiary Riverwell Resources Sdn Bhd has inked a memorandum of understanding with Melaka state-owned Melaka Corp to develop a 341.2-acre German Technology Park at Ayer Panas in Jasin, Melaka.

In a statement, the property developer said the proposed project aims to attract German investment into the state of Melaka and strengthen Malaysia-Germany economic ties.