MEMORANDUM OF UNDERSTANDING MEMORANDUM OF UNDERSTANDING BETWEEN LBS BINA GROUP BERHAD AND ZHUHAI JIUZHOU HOLDINGS GROUP CO., LTD. IN RESPECT OF THE INTENTION TO DISPOSE OF 60% RIGHTS AND INTERESTS IN ZHUHAI INTERNATIONAL CIRCUIT LIMITED
LBS BINA GROUP BERHAD |
Type | Announcement |
Subject | MEMORANDUM OF UNDERSTANDING |
Description | MEMORANDUM OF UNDERSTANDING BETWEEN LBS BINA GROUP BERHAD AND ZHUHAI JIUZHOU HOLDINGS GROUP CO., LTD. IN RESPECT OF THE INTENTION TO DISPOSE OF 60% RIGHTS AND INTERESTS IN ZHUHAI INTERNATIONAL CIRCUIT LIMITED |
The Board of LBS Bina Group Berhad (“LBS” or “Company”) wishes to inform that the Company has on today signed a Memorandum of Understanding (“MOU”) with Zhuhai Jiuzhou Holdings Group Co., Ltd. (“JZ”) expressing JZ’s intention to acquire LBS’ entire 60% rights and interests in Zhuhai International Circuit Limited (“ZIC”), a subsidiary of Lamdeal Investments Limited (“LIL”), which in turn is an indirect wholly-owned subsidiary of LBS. Please refer to the attached file for details of the announcement. This announcement is dated 4 September 2020. |
Please refer attachment below.
Announcement Info
Company Name | LBS BINA GROUP BERHAD |
Stock Name | LBS |
Date Announced | 04 Sep 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-04092020-00059 |