MGB

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED JOINT VENTURE AGREEMENT BETWEEN MULTI COURT DEVELOPERS SDN BHD AND LBS BINA HOLDINGS SDN BHD TO JOINTLY DEVELOP ALL THAT PIECE OF LANDS IN MUKIM LINAU, DISTRICT BATU PAHAT IN THE STATE OF JOHOR

MGB BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PROPOSED JOINT VENTURE AGREEMENT BETWEEN MULTI COURT DEVELOPERS SDN BHD AND LBS BINA HOLDINGS SDN BHD TO JOINTLY DEVELOP ALL THAT PIECE OF LANDS IN MUKIM LINAU, DISTRICT BATU PAHAT IN THE STATE OF JOHOR

The Board of MGB Berhad (“MGB”) wishes to announce that Multi Court Developers Sdn Bhd [Registration No. 201501020175 (1145511-K)], an indirect wholly owned subsidiary of MGB has on 26 June 2020 entered into a Joint Venture Agreement with LBS Bina Holdings Sdn Bhd [Registration No. 198201011456 (91181-K)] to jointly develop all that piece of lands located at HS(D) 71359-71476, PTD No. 24476-24593, Mukim Linau, District Batu Pahat in the State of Johor into 118 units of Double Storey Terrace House in the development project known as “Laman Bayu”.

 

Please refer to the attachment for further details.

 

This announcement is dated 26 June 2020.




Please refer attachment below.



Announcement Info

Company Name MGB BERHAD
Stock Name MGB
Date Announced 26 Jun 2020
Category General Announcement for PLC
Reference Number GA1-26062020-00090