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Memorandum of understanding between lbs bina group berhad and zhuhai jiuzhou holdings group co., ltd. in respect of the intention to dispose of 60% rights and interests in zhuhai international circuit limited

LBS BINA GROUP BERHAD 
TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionMEMORANDUM OF UNDERSTANDING BETWEEN LBS BINA
GROUP BERHAD AND ZHUHAI JIUZHOU HOLDINGS GROUP CO.,
LTD. IN RESPECT OF THE INTENTION TO DISPOSE OF 60%
RIGHTS AND INTERESTS IN ZHUHAI INTERNATIONAL CIRCUIT LIMITED

The Board of LBS Bina Group Berhad (“LBS” or “Company”) wishes to inform that the Company has on today signed a Memorandum of Understanding (“MOU”) with Zhuhai Jiuzhou Holdings Group Co., Ltd. (“JZ”) expressing JZ’s intention to acquire LBS’ entire 60% rights and interests in Zhuhai International Circuit Limited (“ZIC”), a subsidiary of Lamdeal Investments Limited (“LIL”), which in turn is an indirect wholly-owned subsidiary of LBS.

Please refer to the attached file for details of the announcement.

This announcement is dated 4 September 2020.

BMSB-20012-MOU (final)

ANNOUNCEMENT INFO

Company NameLBS BINA GROUP BERHAD
Stock NameLBS
Date Announced04 Sep 2020
CategoryGeneral Announcement for PLC
Reference NoGA1-04092020-00059

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