Further to the announcement made by the Board of Directors of Fajarbaru Builder Group Bhd (“FBG”) on 21 August 2023, the Board is pleased to announce further information on the Joint Venture Agreement (“JVA”) that had been entered into by Fajarbaru Land (M) Sdn Bhd (“FLM”), a wholly-owned subsidiary of FBG, for the purpose of working together as strategic partners with Care Dynamic Sdn Bhd (“CDSB”) through Fajarbaru Dynamic Development Sdn Bhd (“FDD”) as detailed in the attachment.
This announcement is dated 24 August 2023.