The Board of Directors of the Company wishes to announce that Kejuruteraan Bintai Kindenko Sdn Bhd (Company No. 89776-P), a wholly-owned subsidiary of the Company had on 19 October 2017 entered into a Memorandum of Understanding (“MOU”) with Vista Springs Development Sdn Bhd (Company No. 1206473-D), for establishing a strategic alliance to jointly develop the Project Land located in Malacca which is subject to due diligence and feasibility studies to be conducted prior to the entering into any binding contract for the aforesaid development.
Please refer to the attachment for further details.
This announcement is dated 19 October 2017.