PROPOSED JOINT VENTURE IN HONG KONG

XIAN LENG HOLDINGS BERHAD

Type

Announcement
SubjectPROPOSED JOINT VENTURE IN HONG KONG

Contents :

On 20 July 2004 and 30 March 2005, Xian Leng Holdings Berhad ('XLB') had announced its intention to set up a Company in Hong Kong under the proposed name 'Xian Leng Holding (China) Limited' (referred as"the proposed JVCo") to enter into a proposed Joint-Venture Agreement for investment in the proposed JVCo.


The Board of XLB now wishes to announce that after careful consideration and deliberation, the Board has decided to defer the proposed Joint Venture arrangement indefinitely. However, XLB will continue to expand its business activities in China with its trading partners there to enhance the earnings of the Group.



This Announcement is dated 12 September, 2005.



Announcement Info

Company NameXIAN LENG HOLDINGS BERHAD  
Stock Name XIANLNG    
Date Announced12 Sept 2005  
CategoryGeneral Announcement
Reference NoPC-050615-49954