Perak Corporation Berhad announced that PERAK CORP, has on 12 August 2022 entered into a Memorandum of Understanding with Perbadanan Kemajuan Negeri Perak, its immediate holding corporation, to establish synergistic collaborative initiatives involving utilisation of PERAK Corp.'s expertise to jointly develop PKNPk's assets and proposed appointment of PERAK CORP as the master developer of part of PKNPk's industrial development area in the Silver Valley Technology Park.