MLAB

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MLABS SYSTEMS BERHAD - JOINT VENTURE AGREEMENT ENTERED INTO BETWEEN IKHLAS AL DAIN SDN. BHD. AND SEACERA BUILDERS SDN. BHD.

MLABS SYSTEMS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MLABS SYSTEMS BERHAD 
- JOINT VENTURE AGREEMENT ENTERED INTO BETWEEN IKHLAS AL DAIN SDN. BHD. AND SEACERA BUILDERS SDN. BHD.

The Board of Directors of Mlabs Systems Berhad (“Mlabs” or “the Company”) wishes to announce that Ikhlas Al Dain Sdn. Bhd. (“Ikhlas”), an indirect wholly-owned subsidiary of the Company, had on 25 March 2022 entered into a Joint Venture Agreement (“JVA”) with Seacera Builders Sdn. Bhd. (“Seacera” or “the Developer”) to jointly develop all those pieces of Malay reserved lands located at the Mukim Sungai Karang, Daerah Kuantan, Negeri Pahang (“Development Land”) into 137 holiday home villas with all necessary infrastructure, facilities and development components (“the Project”) (“Proposed JVA”).

 

Please refer to the attachment for further details of the Proposed JVA. 

 

This announcement is dated 25 March 2022.




Please refer attachment below.

Attachments

Mlabs- Proposed JVA .pdf
149.4 kB



Announcement Info

Company Name MLABS SYSTEMS BERHAD
Stock Name MLAB
Date Announced 25 Mar 2022
Category General Announcement for PLC
Reference Number GA1-25032022-00055