TERMINATION OF AGREEMENT

NV MULTI CORPORATION BERHAD

Type

Announcement
SubjectTERMINATION OF AGREEMENT

Contents :

Following the announcement dated 21 May 2002, the Board of Directors of NV Multi Corporation Berhad ("NV Multi") wishes to announce that the agreement entered between Nirvana Memorial Park Sdn Bhd ("NIR"), a wholly-owned subsidiary of NV Multi, and Virtue Corporation Sdn Bhd (478917-A) for the appointment of NIR as the Corporate Manager to manage, develop, market and finance the cemetery development over a portion of the land held under Grant 20046 for Lot 33572, Mukim Ulu Kinta, District of Kinta, Perak, which owned by Popular Growth Sdn Bhd has been terminated.


The security deposit of RM3,200,000 paid by NIR under the said agreement would be refunded to NIR free of interest.

This announcement is dated 20 May 2005



Announcement Info

Company NameNV MULTI CORPORATION BERHAD  
Stock Name NVMULTI    
Date Announced20 May 2005  
CategoryGeneral Announcement
Reference NoNM-050405-57713