Perak Corp Bhd is “mulling” a plan to dispose of its 51% stake in Animation Theme Sdn Bhd (ATP), The Edge Malaysia reported in its latest issue.
ATP is the operator of the ailing Movie Animation Park Studios (MAPS) located in Ipoh, Perak.
According to a source that spoke to the weekly, Perak Corp “is talking to the state arm PKNP [Perbadanan Kemajuan Negeri Perak] to take over the theme park. It seems the Perak government intends to rescue them [Perak Corp]”.
“MAPS is up for sale. At the same time, we are also open to a partnership with any potential investor. It really depends on the offer,” another source with a state agency told the business publication.
Meanwhile, a minority shareholder said that the “management of Perak Corp had mentioned this [the possible sale of ATP to PKNP] briefly to its shareholders at the annual general meeting last month. But no price tag was mentioned”.
MAPS was opened to the public back on June 26, 2017 but it has not attracted the number of visitors forecasted.