MULTIPLE PROPOSALS SAND NISKO CAPIATL BERHAD ("SNCB" OR THE "COMPANY") (I) PROPOSED JOINT VENTURE; AND (II) PROPOSED DIVERSIFICATION COLLECTIVELY REFERRED TO AS "PROPOSALS"
| SAND NISKO CAPITAL BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | SAND NISKO CAPIATL BERHAD ("SNCB" OR THE "COMPANY")
(I) PROPOSED JOINT VENTURE; AND
(II) PROPOSED DIVERSIFICATION
COLLECTIVELY REFERRED TO AS "PROPOSALS" |
|
The Board of Directors of SNCB wishes to announce that the Company proposes to undertake the following proposals: (i) proposed joint venture ("JV") between Len Cheong Resources Sdn. Bhd. ("LCR" or "Developer"), a wholly-owned subsidiary of SNCB and Goldpeace Corporation Sdn. Bhd. ("GCSB" or "Landowner") to jointly develop a parcel of freehold land known as Lot No. 5205 (Formerly known as Lot No. 1409) held in Mukim Bukit Lintang, District of Melaka Tengah, State of Melaka Bandaraya Bersejarah held under Title No. GMM2700 (Formerly known as GMM 651) owned by GCSB ("Proposed JV"); and (ii) proposed diversification of the existing business of SNCB and its subsidiaries ("SNCB Group" or "Group") to include property development, construction and property investment ("Property Business") ("Proposed Diversification"). Please refer to the attachment for the full text of the announcement. This announcement is dated 6 January 2020. . |
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Please refer attachment below.
Announcement Info
| Company Name | SAND NISKO CAPITAL BERHAD |
| Stock Name | SNC |
| Date Announced | 06 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06012020-00063 |