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Gadang in MoU with Cyberview
by Cals Sun 07 Apr 2013, 21:35
Gadang in MoU with Cyberview
Business & Markets 2013
Written by Shalini Kumar of theedgemalaysia.com
Friday, 05 April 2013 18:20
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KUALA LUMPUR (Apr 5): Gadang Holdings Berhad has entered into a memorandum of understanding (MoU) with Cyberview Sdn Bhd to jointly undertake the development of Cyberview's K-Workers Housing Project.
In a filing to Bursa Malaysia, the company said the block of land measuring 121.31 acres, has been earmarked for the proposed development, comprising 2,500 residential units and 50 commercial units covering a total development area of 109.31 acres.
The MoU shall be valid for a period of three months from the date of its execution.
No gross development value for the project was stated in the filing.
The signing of the MoU will not have any effect on the issued and paid-up share capital, earnings and net assets of Gadang Group or on the shareholding of the substantial shareholders of Gadang.
Business & Markets 2013
Written by Shalini Kumar of theedgemalaysia.com
Friday, 05 April 2013 18:20
A + / A - / Reset
KUALA LUMPUR (Apr 5): Gadang Holdings Berhad has entered into a memorandum of understanding (MoU) with Cyberview Sdn Bhd to jointly undertake the development of Cyberview's K-Workers Housing Project.
In a filing to Bursa Malaysia, the company said the block of land measuring 121.31 acres, has been earmarked for the proposed development, comprising 2,500 residential units and 50 commercial units covering a total development area of 109.31 acres.
The MoU shall be valid for a period of three months from the date of its execution.
No gross development value for the project was stated in the filing.
The signing of the MoU will not have any effect on the issued and paid-up share capital, earnings and net assets of Gadang Group or on the shareholding of the substantial shareholders of Gadang.
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