MEMORANDUM OF UNDERSTANDING PERMAJU INDUSTRIES BERHAD ('PERMAJU' OR 'COMPANY') MEMORANDUM OF UNDERSTANDING BETWEEN HARDIE DEVELOPMENT SDN BHD AND O&C CONSTRUCTION SDN BHD

PERMAJU INDUSTRIES BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
PERMAJU INDUSTRIES BERHAD ('PERMAJU' OR 'COMPANY')

MEMORANDUM OF UNDERSTANDING BETWEEN HARDIE DEVELOPMENT SDN BHD AND O&C CONSTRUCTION SDN BHD

The Board of Directors of Permaju ('Board') is pleased to announce that Hardie Development Sdn Bhd (Company No. 274167-M) ('HDSB'), a 70% owned subsidiary of Permaju has on 25 March 2019 entered into a Memorandum of Understanding ('MOU') with O&C Construction Sdn Bhd (Company No. 1119151-W) ('OCCSB') to jointly complete the development of the Princess Heights Project ('Project'). HDSB and OCCSB (collectively referred to as 'Parties' and any one of them as 'Party') intend to set forth the terms of their intentions and understanding in the MOU with a view to collaborate upon the terms and conditions as set out in the MOU.

 

Further details of the MOU are set out in the attachments below.

 

This Announcement is dated 25 March 2019. 




Please refer attachment below.



Announcement Info

Company Name PERMAJU INDUSTRIES BERHAD
Stock Name PERMAJU
Date Announced 25 Mar 2019
Category General Announcement for PLC
Reference Number GA1-25032019-00114