The Board of Directors ("Board") of Gamuda Berhad (Co. Regn. No. 197601003632 (29579-T)) ("Gamuda") wishes to inform that its wholly-owned subsidiary, Gamuda Technologies Sdn Bhd (Co. Regn. No. 202401050776 (1596619-D)) has entered into a Joint Venture and Shareholders Agreement ("JVSA") with DNeX Solutions Sdn Bhd (Co. Regn. No. 198101012324 (78454-P)) ("DNeX Solutions"), a wholly-owned subsidiary of Dagang NeXchange Berhad (Co. Regn. No. 197001000738 (10039-P)) ("DNeX") on 10 December 2024 pertaining to the setting up of a joint venture company with equal shareholding of 50% ("JV Company"), as detailed below:
| No. |
Parties |
Co. Regn. No. |
Equity Interest |
| 1. |
Gamuda Technologies |
202401050776 (1596619-D) |
50% |
| 2. |
DNeX Solutions |
198101012324 (78454-P) |
50% |
(collectively, the parties above are referred to as the "JV Partners").
This is a voluntary announcement under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
For details of the announcement, please refer to the attachement.
This announcement is dated 10 December 2024.