OTHERS STELLA HOLDINGS BERHAD (formerly known as Merge Energy Bhd) ("STELLA" OR "THE COMPANY") - PROPOSED JOINT DEVELOPMENT PURSUANT TO A DEVELOPMENT RIGHTS AGREEMENT ENTERED BETWEEN THE COMPANY AND PERMODALAN NEGERI SELANGOR BERHAD
| STELLA HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | STELLA HOLDINGS BERHAD (formerly known as Merge Energy Bhd) ("STELLA" OR "THE COMPANY")
- PROPOSED JOINT DEVELOPMENT PURSUANT TO A DEVELOPMENT RIGHTS AGREEMENT ENTERED BETWEEN THE COMPANY AND PERMODALAN NEGERI SELANGOR BERHAD |
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Referance is made to the Company's announcements dated 3 July 2020 and 17 August 2020 in relation to the Letter of Conditional Acceptance of Tender. The Board of Directors of Stella wishes to announce that the Company has on 27 August 2020 entered into a Development Rights Agreement (“DRA”) with Permodalan Negeri Selangor Berhad (Company Registration No.: 199001014678 (206347-V)) (“Landowner” or “PNSB”) to jointly develop:- i) a parcel of land owned by PNSB into a proposed mixed development; and ii) "Selangor Seafood Center" located at an adjacent land to be acquired by PNSB. Please refer to the attached announcement for the details of the DRA. This announcement is dated 27 August 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | STELLA HOLDINGS BERHAD |
| Stock Name | STELLA |
| Date Announced | 27 Aug 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14082020-00046 |