Others

Nov 28, 2017
Type Announcement
Subject OTHERS
Description

AGREEMENT TO JOINT VENTURE BETWEEN GAMUDA BERHAD (COMPANY NO. 29579-T) ("GAMUDA" OR "COMPANY") AND MALAYSIAN RESOURCES CORPORATION BERHAD (COMPANY NO. 7994-D) ("MRCB") ("AGREEMENT")

The Company wishes to announce that it has on 28 November 2017 entered into an Agreement with MRCB to co-operate with each other to secure the award as the Project Delivery Partner  (“PDP”) for the project known as “Kuala Lumpur to Singapore High Speed Rail” (“Project”).

The salient information of the Agreement are as follows:

1. The interest of Gamuda and MRCB in the PDP shall be as follows:

     Gamuda       :         50%

     MRCB          :         50%

2. Upon the successful award as the PDP, Gamuda and MRCB shall enter into the relevant definitive agreement(s) to formalise the joint venture and to set out the rights and obligations of each party in the said joint venture.  

Gamuda will make the necessary announcement to Bursa Malaysia as and when there is a material development in relation to the Project.

This announcement is dated 28 November 2017.





Announcement Info

Company Name GAMUDA BERHAD
Stock Name GAMUDA
Date Announced 28 Nov 2017
Category General Announcement for PLC
Reference Number GA1-28112017-00047