LBS BINA GROUP BERHAD
|Subject||MEMORANDUM OF UNDERSTANDING|
|Description||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
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.
|Company Name||LBS BINA GROUP BERHAD|
|Date Announced||04 Sep 2020|
|Category||General Announcement for PLC|