| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
EKOVEST BERHAD (EKOVEST OR THE COMPANY) JOINT VENTURE AND SHAREHOLDERS AGREEMENT BETWEEN EKOVEST CONSTRUCTION SDN BHD AND SAMLING RESOURCES SDN BHD |
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(all definitions and terms used below shall be consistent with the announcement dated 6 January 2017) We make reference to our announcement in relation to the above matter dated 6 January 2017. The Board wish to announce that ECSB, our wholly owned subsidiary, had, on 4 June 2018, received a letter from SRSB informing that Lebuhraya Borneo Utara Sdn Bhd (“LBU”), the Project Delivery Partner for the Project, have not consented for the Project to be sub-contracted to the JV Company. As such, SRSB is claiming that the JV Company cannot carry out the Project and that the JVA is now void. We are reserving our rights in relation to the above matter and are seeking advise and will take all necessary action as may be required. Nonetheless, the above is not expected to have any material effect on the operations and financials of the Ekovest Group. Further announcement will be made on this matter, if required, in line with the requirements of the Main Market Listing Requirement.
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| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 05 Jun 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05062018-00039 |