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Receipt of An exclusive Offer From Iskandar Waterfront Holdings Sdn Bhd ("IWH") in Relation to An Exclusive Negotiation To Finalise the Participation Of Ekovest As A Joint Venture Partner Cum Investor In The Bandar Malaysia Development Project ("Proposal")

Dec 04, 2020

Type Announcement
Subject OTHERS
Description

EKOVEST BERHAD ("EKOVEST" OR "THE COMPANY")

RECEIPT OF AN EXCLUSIVE OFFER FROM ISKANDAR WATERFRONT HOLDINGS SDN BHD ("IWH") IN RELATION TO AN EXCLUSIVE NEGOTIATION TO FINALISE THE PARTICIPATION OF EKOVEST AS A JOINT VENTURE PARTNER CUM INVESTOR IN THE BANDAR MALAYSIA DEVELOPMENT PROJECT ("PROPOSAL")

Reference is made to the announcements made on 8 September 2020 and 21 October 2020 in relation to the Proposal. Unless otherwise stated, all terms used herein shall have the same meaning as defined in the said announcements.

The Company wishes to announce that the Company and IWH have mutually agreed to an extension until 8 December 2020 for the Company to consider and deliberate the Proposal as well as to enable the parties to finalise and execute the relevant agreements in relation to the Proposal.

 

This announcement is dated 4 December 2020.




Announcement Info

Company Name EKOVEST BERHAD
Stock Name EKOVEST
Date Announced 04 Dec 2020
Category General Announcement for PLC
Reference Number GA1-04122020-00098
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