The Board of Directors of SEB wishes to announce that SSSB, our associate, had on 10 September 2014 entered into a Joint Venture Agreement (JVA) with MPSB (SSSB and MPSB are collectively known as Parties) to form a joint venture where SSSB shall provide part of 567.3 acres land identified as Wilayah Papan Ulu Johan, Mukim Blanja, Daerah Kinta, Negeri Perak Darul Ridzuan (the Land), measuring in area approximately 200 acres (the JV Land) and MPSB undertakes, at its own cost and expense, to carry out the development on the said Land or part thereof into a plantation estate or other economic activities (Proposed JV).
Please refer to the attached file for full text of the announcement.
This announcement is dated 10 September 2014.