Circular/Notice to Shareholders
| LION POSIM BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO:- PART A - (I) PROPOSED UNINCORPORATED JOINT VENTURE BETWEEN LION WATERFRONT SDN BHD (FORMERLY KNOWN AS SINGA LOGISTICS SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF LION POSIM BERHAD ("LPB" OR THE "COMPANY"), AND LANDASAN LUMAYAN SDN BHD ("LANDASAN LUMAYAN"), A WHOLLY-OWNED SUBSIDIARY OF MENTERI BESAR SELANGOR (PEMERBADANAN), TO UNDERTAKE A MIXED RESIDENTIAL AND COMMERCIAL DEVELOPMENT ON A PARCEL OF LAND TO BE ALIENATED BY THE SELANGOR STATE GOVERNMENT TO LANDASAN LUMAYAN MEASURING APPROXIMATELY 26.29 ACRES IN SECTION 24, SHAH ALAM, SELANGOR ("PROPOSED UNINCORPORATED JOINT VENTURE"); AND (II) PROPOSED DIVERSIFICATION OF EXISTING BUSINESSES OF LPB AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT ("PROPOSED DIVERSIFICATION") (COLLECTIVELY, THE "PROPOSALS"); PART B - INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS IN RELATION TO THE PROPOSALS |
Please refer attachment below.
Announcement Info
| Company Name | LION POSIM BERHAD |
| Stock Name | LIONPSIM |
| Date Announced | 17 Nov 2022 |
| Category | Document Submission |
| Reference Number | DCS-17112022-00002 |