Announcements
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





MEMORANDUM OF UNDERSTANDING 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

Type Announcement
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.

BMSB-20012-MOU (final)



Announcement Info

Company Name LBS BINA GROUP BERHAD
Stock Name LBS
Date Announced 04 Sep 2020
Category General Announcement for PLC
Reference No GA1-04092020-00059