Techna-X (KLSE:TECHNAX) signed a joint venture agreement with KL Post to establish a special purpose vehicle to execute and undertake a project, according to a Thursday filing with the Malaysian Exchange.

The information technology and support services provider will have a 51% stake in the vehicle, which will be incorporated within 30 days of the execution of the agreement.

Under the agreement, Techna-X will provide technical support, qualified workforce, financing assistance and strategic advice, while KL will award the entire project to the vehicle, conduct assessments, maintain client relationships and manage the project.