Circular To Shareholders In Relation To The Proposed Joint Venture Between Nusantara Megajuta Sdn Bhd ("NMSB"), An Indirect Wholly-Owned Subsidiary Of Salcon Berhad And Exsim Kebun Teh Sdn Bhd (Formerly Known As Exsim Hills (SABAH) Sdn Bhd) ("EKTSB") For The Development Of Two Pieces Of 99 Years' Leasehold Land Located In Johor Bahru ("DEVELOPMENT LANDS") ("PORPOSED JOINT VENTURE") In Which NMSB Shall Be Entitled To The Landowner's Entitlement Of RM140,000,000 In Return For Contributing The Development Lands To EKTSB Pursuant To The Proposed Joint Venture
BackJun 21, 2023
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED JOINT VENTURE BETWEEN NUSANTARA MEGAJUTA SDN BHD ("NMSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF SALCON BERHAD AND EXSIM KEBUN TEH SDN BHD (FORMERLY KNOWN AS EXSIM HILLS (SABAH) SDN BHD) ("EKTSB") FOR THE DEVELOPMENT OF TWO PIECES OF 99 YEARS' LEASEHOLD LAND LOCATED IN JOHOR BAHRU ("DEVELOPMENT LANDS") ("PROPOSED JOINT VENTURE") IN WHICH NMSB SHALL BE ENTITLED TO THE LANDOWNER'S ENTITLEMENT OF RM140,000,000 IN RETURN FOR CONTRIBUTING THE DEVELOPMENT LANDS TO EKTSB PURSUANT TO THE PROPOSED JOINT VENTURE |
Please refer attachment below.
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 21 Jun 2023 |
| Category | Document Submission |
| Reference Number | DCS-21062023-00004 |
Attachments
- Salcon_-_Circular.pdf (Size: 1,656,568 bytes)
- Salcon_-_EGM_Admin_Guide_-Virtual_with_Broadcast_Venue.pdf (Size: 215,904 bytes)