MEMORANDUM OF UNDERSTANDING BETWEEN NV MULTI CORPORATION BERHAD, NAM PHAN INVESTMENT CORPORATION AND FIRST VICTORY INVESTMENT LIMITED

NV MULTI CORPORATION BERHAD

Type

Announcement
SubjectMEMORANDUM OF UNDERSTANDING BETWEEN NV MULTI CORPORATION BERHAD, NAM PHAN INVESTMENT CORPORATION AND FIRST VICTORY INVESTMENT LIMITED

Contents :

The Board of Directors of NV Multi Corporation Berhad ("NV Multi") wishes to announce that the Company has on 5 April 2006 entered into a Memorandum of Understanding ("MOU") with Nam Phan Investment Corporation ("Nam Phan"), a company incorporated in Vietnam and First Victory Investment Limited ("First Victory"), a company incorporated in Hong Kong, with the intention to establish a joint venture company ("JV Co") to jointly develop and operate a memorial park in Vietnam.


The total issued and paid-up capital of the Company shall be determined by the parties at a later date, however, the investment capital participation in the JV Co shall be in the following proportion:-

NV Multi - 40%
Nam Phan - 30%
First Victory - 30%

None of the Directors of NV Multi, substantial shareholders and persons connected with Directors and substantial shareholders of NV Multi has any interest, whether direct or indirect, in the MOU.

This announcement is dated 6 April 2005.



Announcement Info

Company NameNV MULTI CORPORATION BERHAD  
Stock Name NVMULTI    
Date Announced6 Apr 2006  
CategoryGeneral Announcement
Reference NoNM-060404-66896