The Board of Directors of Fajarbaru Builder Group Bhd (“FBG” or “the Company”) wishes to announce that FBG Land Sdn Bhd (formerly known as Fajarbaru Land (M) Sdn Bhd) (“FLSB”), a wholly-owned subsidiary of FBG, has on 20 January 2025 entered into a Strategic Collaboration Agreement (“SCA”) with Cellaax Sdn Bhd (“CELLAAX”) to engage into discussions as to explore further the possibility to collaborate to develop a stem cell facility in the proposed development known as MediCity in Batu Kawan, Mukim 13, Daerah Seberang Perai Selatan, Pulau Pinang.
Further details on the SCA are set out in the attachment.
This announcement is dated 20 January 2025.