Only World Group inks HoA for animation theme park

by TMR / graphic by TMR

Only World Group Holdings Bhd (OWG) has entered into a heads of agreement (HoA) with Animation Theme Park Sdn Bhd (ATP) for a potential collaboration to manage and operate the Movie Animation Park Studios.

The animation theme park will be located in Perak with over 40 attractions in six thematic zones with ATP as the operator and developer.

In a filing to Bursa Malaysia yesterday, the hospitality group noted that both parties will work towards a management services agreement (MSA) within three months.

OWG will provide management services to be determined by both parties and can nominate a related group to enter into the definitive MSA if needed. — TMR