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News

Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackDec 22, 2017
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

NOTICE OF TERMINATION OF AGREEMENT WITH ARTHALAND CORPORATION AND CHINA RAILWAY DONGFANG GROUP SDN BHD

We refer to our announcement dated 27 February 2017 and 28 February 2017 in relation to the agreement made between Knusford Berhad (“KB”) with Arthaland Corporation (“Arthaland”) and China Railway Dongfang Group Sdn Bhd ("CREC") dated 26 February 2017 for the purpose of undertaking an engineering, procurement and construction (“EPC”) contract on Arthaland’s Cebu Exchange Project (“Project”), located in Cebu, Philippines.

The Board of Directors of KB wishes to update that as of to-date the parties were unable to reach on a mutually agreed terms and conditions for the EPC contract. The Company has on 20 December 2017 received a letter from Arthaland not to engage KB and CREC as the EPC contractor for the Project.





Announcement Info

Company Name KNUSFORD BERHAD
Stock Name KNUSFOR
Date Announced 22 Dec 2017
Category General Announcement for PLC
Reference Number GA1-22122017-00066

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