GPP

0.280

(%)

OTHERS GPP RESOURCES BERHAD ("GPP" OR THE "COMPANY") JOINT VENTURE AGREEMENT ENTERED INTO BETWEEN GPP GASIFICATION SDN. BHD., VIZIONE ENERGY SDN. BHD. AND PERMATA REBANA SDN. BHD.

GPP RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
GPP RESOURCES BERHAD ("GPP" OR THE "COMPANY")
JOINT VENTURE AGREEMENT ENTERED INTO BETWEEN GPP GASIFICATION SDN. BHD., VIZIONE ENERGY SDN. BHD. AND PERMATA REBANA SDN. BHD.

The Board of Directors (“Board”) of GPP wishes to announce that GPP Gasification Sdn. Bhd. (a wholly-owned subsidiary of GPP through Green Energy Resources (M) Sdn. Bhd.) (“GGSB”) had on 11 February 2022 entered into a joint venture agreement with Vizione Energy Sdn. Bhd. (“VESB”) and Permata Rebana Sdn. Bhd. (“PRSB”) (collectively, the “Parties” and individually, a “Party”) (“JVA”), to share respective resources and expertise to incorporate a joint venture company (“JV Company”) to undertake the production and sale of biomethane or biogas from palm oil mill effluent as a concession owner (“Biogas Business”) and to regulate their relationship as joint venture partners and shareholders of the JV Company upon the terms and conditions contained in the JVA.

 

Details of the announcement is herein attached.

 

 

This announcement is dated 11 February 2022.




Please refer attachment below.



Announcement Info

Company Name GPP RESOURCES BERHAD
Stock Name GPP
Date Announced 11 Feb 2022
Category General Announcement for PLC
Reference Number GA1-11022022-00057