UEMS

1.170

+0.02 (+1.7%)

OTHERS UEM SUNRISE BERHAD ("UEM SUNRISE" OR "COMPANY") TERMINATION OF JOINT VENTURE AND SHAREHOLDERS' AGREEMENT BETWEEN UEM LAND BERHAD ("UEML"), A WHOLLY OWNED SUBSIDIARY OF UEM SUNRISE, INTELSEC SDN BHD ("INTELSEC"), A WHOLLY OWNED SUBSIDIARY OF TELEKOM MALAYSIA BERHAD ("TM") AND IIB PROPERTY SERVICES SDN BHD (FORMERLY KNOWN AS ISKANDAR INNOVATIONS SDN BHD) ("IIBPS"), A WHOLLY OWNED SUBSIDIARY OF ISKANDAR INVESTMENT BERHAD ("IIB")

UEM SUNRISE BERHAD

Type Announcement
Subject OTHERS
Description
UEM SUNRISE BERHAD ("UEM SUNRISE" OR "COMPANY")
TERMINATION OF JOINT VENTURE AND SHAREHOLDERS' AGREEMENT BETWEEN UEM LAND BERHAD ("UEML"), A WHOLLY OWNED SUBSIDIARY OF UEM SUNRISE, INTELSEC SDN BHD ("INTELSEC"), A WHOLLY OWNED SUBSIDIARY OF TELEKOM MALAYSIA BERHAD ("TM") AND IIB PROPERTY SERVICES SDN BHD (FORMERLY KNOWN AS ISKANDAR INNOVATIONS SDN BHD) ("IIBPS"), A WHOLLY OWNED SUBSIDIARY OF ISKANDAR INVESTMENT BERHAD ("IIB")

Reference is made to our announcements dated 1 July 2014 and 2 July 2014 (“Announcements”) in relation to the Joint Venture and Shareholders’ Agreement dated 1 July 2014 entered into between UEML, Intelsec and IIBPS (“JVSHA”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

The Board of Directors (“Board”) of UEM Sunrise wishes to announce that UEML had on 5 January 2024, entered into a Termination Agreement with Intelsec and IIBPS to mutually terminate the JVSHA (“JVTA”).

 

Please refer to the attachment for the details of the announcement.

 

This announcement is dated 5 January 2024.




Please refer attachment below.



Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 05 Jan 2024
Category General Announcement for PLC
Reference Number GA1-28122023-00044