KUALA LUMPUR: Key Alliance Group Bhd
‘s subsidiary Agrocloud Sdn Bhd is exploring a collaboration with Koperasi Peserta-Peserta Rancagan Felcra Seberang Perak Bhd (Felcra) for the event of the Rice Information System on the property of Felcra Bhd Seberang Perak in Kg Gajah, Perak.
It stated in a submitting with Bursa Malaysia that the challenge will facilitate a rise within the yield of rice cultivation by Internet of Things expertise and a choice help sytem.
It would additionally be sure that the farming strategies used are fashionable and totally mechanised farming strategies, in addition to implement the suitable farming strategies to be decided later.
Pursuant to the memorandum of understanding, Felca shall act because the coordinator for the Proposed Collaboration and facilitate the mandatory for the implementation of the Rice Information System. Whereas, Agrocloud shall present Koperasi Felca with the related info expertise, tools, platform in addition to coaching for the Proposed Collaboration.
The MoU will take impact on June 1, 2022, and stays in power for 12 months.
“The MoU is not going to have any results on the share capital and shareholding construction of the Company.
“However, it’s anticipated to have constructive contribution to the KAG Group’s future earnings per share, web property per share and gearing,” stated Key Alliance.
