TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS JOINT VENTURE BETWEEN ENCORP DEVELOPMENT SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ENCORP BERHAD ("ENCORP" or "THE COMPANY") AND IPMUDA PROPERTIES SDN. BHD. ("IPSB") TO JOINTLY DEVELOP A PIECE OF LAND OWNED BY IPSB ("JOINT VENTURE")
| ENCORP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | JOINT VENTURE BETWEEN ENCORP DEVELOPMENT SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ENCORP BERHAD ("ENCORP" or "THE COMPANY") AND IPMUDA PROPERTIES SDN. BHD. ("IPSB") TO JOINTLY DEVELOP A PIECE OF LAND OWNED BY IPSB ("JOINT VENTURE") |
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Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s announcement dated 18 May 2022.
Reference is made to the Company’s announcement dated 18 May 2022 in relation to the Joint Venture.
The Board of Directors of ENCORP wishes to announce that following the fulfilment of all necessary conditions precedent in the JV Agreement, the JV Agreement had become unconditional on 16 December 2022 pursuant to the terms of the JV Agreement.
This announcement is dated 16 December 2022. |
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Announcement Info
| Company Name | ENCORP BERHAD |
| Stock Name | ENCORP |
| Date Announced | 16 Dec 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02122022-00043 |