OTHERS Joint Venture Agreement between Permint Plywood Sdn. Bhd. and Cymao Plywood Sdn. Bhd.

GOLDEN PHAROS BERHAD

Type Announcement
Subject OTHERS
Description
Joint Venture Agreement between Permint Plywood Sdn. Bhd. and Cymao Plywood Sdn. Bhd.

The Board of Directors of Golden Pharos Berhad (“GPB’ or “the Company”) wishes to announce that Permint Plywood Sdn. Bhd. (“PPSB”), a wholly-owned subsidiary of the Company had on [?] entered into a Joint Venture Agreement (“JVA”) with Cymao Plywood Sdn. Bhd. (“CPSB”) to cooperate in utilising the resources of each party to create a successful role model of vertically integrated timber industry that is sustainable in both environment and profitability ("the Cooperation"). PPSB and CPSB shall for the purpose of the Cooperation form a new company to pursue and engage in timber related business and timber products.

Please refer to the attachment for the details of the Joint Venture.

This announcement is dated 22 December 2015 .




Please refer attachment below.



Announcement Info

Company Name GOLDEN PHAROS BERHAD
Stock Name GPHAROS
Date Announced 22 Dec 2015
Category General Announcement for PLC
Reference Number GA1-18122015-00031