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.
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 |
