Bursa Announcements
News
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
| 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 |