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OTHERS KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING BETWEEN KAB, LCS HOLDINGS INC.(LCS), AND ATS VENTURE GROUP SDN BHD (ATS)

KEJURUTERAAN ASASTERA BERHAD

Type Announcement
Subject OTHERS
Description
KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY")
- MEMORANDUM OF UNDERSTANDING BETWEEN KAB, LCS HOLDINGS INC.(LCS), AND ATS VENTURE GROUP SDN BHD (ATS)

Reference is made to the Company’s announcement dated 14 July 2021. Unless otherwise stated, defined terms used in this announcement shall have the same meanings as those used in the earlier announcement.

The Board of Directors of KAB wish to inform that, subject to satisfactory Due Diligence and the subsequent entering into a definitive agreement, the collaboration between LCS and ATS in the turnkey solution to build and operate a telecommunication tower project in the Philippines is expected to provide a rental revenue of RM15 million per annum. The expected rental revenue of RM15 million was derived based on the estimation of the number of towers to be built and the rental rate per tower as provided by LCS based on the market rate in the Philippines.

This announcement is dated 16 July 2021.






Announcement Info

Company Name KEJURUTERAAN ASASTERA BERHAD
Stock Name KAB
Date Announced 16 Jul 2021
Category General Announcement for PLC
Reference Number GA1-15072021-00158




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