Type | Announcement |
Subject |
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description |
FURNIWEB INDUSTRIAL PRODUCTS BERHAD ("FIPB" OR "COMPANY") (I) PROPOSED JOINT VENTURE WITH ALMAHARTA SDN BHD ("ASB") IN CONNECTION WITH THE DEVELOPMENT OF A PARCEL OF LEASEHOLD LAND HELD UNDER PN 45266, LOT 141, SECTION 88, TOWN AND DISTRICT OF KUALA LUMPUR AND STATE OF WILAYAH PERSEKUTUAN KUALA LUMPUR, MEASURING APPROXIMATELY 15,924 SQUARE METRES ("DEVELOPMENT LAND") INTO A RESIDENTIAL DEVELOPMENT; AND (II) PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF FIPB AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT |
On behalf of the Board of Directors of FIPB ("Board"), Kenanga Investment Bank Berhad is pleased to announce the following: |
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