OTHERS FAJARBARU BUILDER GROUP BHD ("FBG" OR "THE COMPANY") MEMORANDUM OF UNDERSTANDING BETWEEN FAJARBARU BUILDER SDN BHD AND PENANG DEVELOPMENT CORPORATION

FAJARBARU BUILDER GROUP BHD

Type Announcement
Subject OTHERS
Description
FAJARBARU BUILDER GROUP BHD  ("FBG" OR "THE COMPANY")

MEMORANDUM OF UNDERSTANDING BETWEEN FAJARBARU BUILDER SDN BHD AND PENANG DEVELOPMENT CORPORATION

The Board of Directors of Fajarbaru Builder Group Bhd (“FBG” or “the Company”) wishes to announce that Fajarbaru Builder Sdn Bhd (“FBSB”), a wholly-owned subsidiary of FBG has on 27 June 2023 entered into a Memorandum of Understanding (“MOU”) with Penang Development Corporation (“PDC”) to explore all possible opportunities to develop approximately 230 acres of land located in Bandar Cassia, Mukim 13, Batu Kawan, Seberang Perai Selatan, Pulau Pinang (“Proposed Land”) for the development of a medical hub.
Further details on the MOU are set out in the attachment.
This announcement is dated 27 June 2023. 






Announcement Info

Company Name FAJARBARU BUILDER GROUP BHD
Stock Name FAJAR
Date Announced 27 Jun 2023
Category General Announcement for PLC
Reference Number GA1-27062023-00050


Please refer attachment below.

  1. FBG - MOU.pdf