KUALA LUMPUR: Hong Seng Consolidated Bhd has issued a letter of intent (LOI) to Invest NS to form a strategic partnership for the development of five parcels of leasehold land in Seremban, Negeri Sembilan measuring approximately 284.75 acres into Malaysia Green Valley (MGV).

       Invest NS is a one solution centre set up by the government of Negeri Sembilan to assist investors in setting up new operations and expanding their existing operations in Negeri Sembilan.

       In a statement, Hong Seng said MGV is envisioned to be a green industrial park designed for research and development, and manufacturing cost effective and sustainable renewable energy products and the related supply chain businesses.

       It added that MGV will be a centre of excellence in building a green value chain in Southeast Asia to strengthen the clean energy value chain across the upstream, midstream and downstream segments in Southeast Asia which will enable and spur the local small and medium-sized enterprises to be more competitive.