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OTHERS IDEAL SUN CITY HOLDINGS BERHAD (IDEAL OR THE COMPANY) ARTICLE TITLED: IDEAL SUN CITY TO SIGN MANAGEMENT CONTRACTS WORTH RM30M

IDEAL SUN CITY HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
IDEAL SUN CITY HOLDINGS BERHAD (IDEAL OR THE COMPANY)
ARTICLE TITLED: IDEAL SUN CITY TO SIGN MANAGEMENT CONTRACTS WORTH RM30M

We refer to the article titled “Ideal Sun City to sign management contracts worth RM30m” published in The Star newspaper on 25 February 2016.

The Board of Directors of IDEAL (“Board”) wishes to clarify that the Company is in the midst of negotiation with several companies for new project management contracts, the values of which have yet to be finalised.

Additionally, the Board wishes to clarify that it has a long term goal to transfer the listing status of IDEAL to the Main Market of Bursa Malaysia Securities Berhad. The Board is currently in preliminary discussions on its plan to do so.

The Company will make the necessary announcement(s) in compliance with its obligations under the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad in due course should any relevant contract(s) or proposals in relation to the above be finalised.

This announcement is dated 26 February 2016.






Announcement Info

Company Name IDEAL SUN CITY HOLDINGS BERHAD
Stock Name IDEAL
Date Announced 26 Feb 2016
Category General Announcement for PLC
Reference Number GA1-26022016-00049




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