OTHERS AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD) ("AGESON" OR "THE COMPANY") EXECUTION OF TERM SHEET BETWEEN AGESON ENTERPRISE SDN BHD (FORMERLY KNOWN AS ESA PILE SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND NAVIS MARINUS PRIVATE LIMITED TO SET UP A JOINT VENTURE COMPANY FOR THE SUPPLY AND DELIVERY OF SAND FROM PHILIPHINES TO JTC CORPORATION IN SINGAPORE ("PROPOSED COLLABORATION") ("TERM SHEET")
| AGESON BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD) ("AGESON" OR "THE COMPANY")
EXECUTION OF TERM SHEET BETWEEN AGESON ENTERPRISE SDN BHD (FORMERLY KNOWN AS ESA PILE SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND NAVIS MARINUS PRIVATE LIMITED TO SET UP A JOINT VENTURE COMPANY FOR THE SUPPLY AND DELIVERY OF SAND FROM PHILIPHINES TO JTC CORPORATION IN SINGAPORE ("PROPOSED COLLABORATION") ("TERM SHEET") |
|
We refer to the Company’s announcements dated 17 April 2020 and 16 October 2020 in regards to the Term Sheet.
Unless otherwise defined, the terms and definitions used herein shall have the same meaning as defined in the announcement made 17 April 2020 in relation to the Term Sheet.
The Board of Directors of Ageson wishes to inform that Ageson Enterprise Sdn Bhd and Navis Marinus Private Limited are expected to finalise the terms of a definitive agreement by 1st quarter of 2021.
This announcement is dated 19 October 2020. |
|
Announcement Info
| Company Name | AGESON BERHAD |
| Stock Name | AGES |
| Date Announced | 19 Oct 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19102020-00086 |