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发表于 2-3-2015 10:09 AM
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本帖最后由 senghock 于 2-3-2015 10:12 AM 编辑
| Type | Announcement | | Subject | OTHERS | | Description | MQ TECHNOLOGY BERHAD (“MQ” OR THE “COMPANY”)
HEADS OF AGREEMENT (“HOA”) BETWEEN MQ AND CASH SUPPORT SDN BHD (“CSSB”) |
The Board of Directors of MQ (“Board”) wishes to announce that the Company has on 27 February 2015 entered into a HOA with CSSB for the proposed utilisation of Star Acres Sdn Bhd (“Star Acres”), a newly acquired wholly-owned subsidiary of MQ, as the entity to form a joint venture with CSSB (“Proposed Joint Venture”) to acquire from CSSB a fifty (50)-year registered lease under the National Land Code 1965 (“Lease”) over a portion of land measuring approximately 10.727 acres (to exclude the portion of land with completed shop building erected thereon of which the size of the area is to be determined later) in Malacca (“Project Land”) (“Proposed Lease Acquisition”) (the Proposed Joint Venture and Proposed Lease Acquisition are collectively referred as the “Proposals”).
Thereafter and subject to the necessary approvals, conditions and directives of the relevant authorities
being obtained, Star Acres will carry out the proposed development of the Project Land as a theme park
(“Proposed Development”).
CSSB is the beneficial owner and absolute unencumbered legal holder of the right to alienation
and registration of four (4) parcels of land measuring approximately 197 acres in area located in
Klebang Town, District of Central Malacca, Malacca, which the State Government of Malacca
has agreed to alienate and approved for alienation in favour of CSSB (“Master Land”).
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