General Announcement for PLC
25/01/2022OTHERS JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) ("JOE" OR "THE COMPANY") - TERMINATION OF LEASE AGREEMENT
| JOE HOLDING BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) ("JOE" OR "THE COMPANY")
- TERMINATION OF LEASE AGREEMENT |
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Reference is made to the Company’s announcement dated 7 January 2021.
The Board of Directors of JOE (“Board”) wishes to announce that GP Autobat Sdn Bhd (“GP Autobat”), a wholly-owned subsidiary of the Company had on today, 25 January 2022 received a Termination Letter from PNE Glove Sdn Bhd for the lease of 3-storey office blocks addressed at Lot 5031 & 5032, Jalan Teratai, 5 ½ Miles, Off Jalan Meru, 41050 Klang, Selangor Darul Ehsan (“Lease Properties”), due to the Lease Properties were not suitable for building of glove manufacturing production according to the soil test conducted (“the Termination”), with immediate effect.
The Board is of the view that, the Termination does not expect to have any effect on the earnings of the Company and net assets of the Group for the financial year ending 31 March 2022.
This announcement is dated 25 January 2022. |
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Announcement Info
| Company Name | JOE HOLDING BERHAD |
| Stock Name | JOE |
| Date Announced | 25 Jan 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25012022-00044 |