OTHERS FAJARBARU BUILDER GROUP BHD STRATEGIC COLLABORATION AGREEMENT BETWEEN THE PENANG DEVELOPMENT CORPORATION, PELABURAN HARTANAH BERHAD AND FBG LAND SDN BHD

FAJARBARU BUILDER GROUP BHD

Type Announcement
Subject OTHERS
Description
FAJARBARU BUILDER GROUP BHD

STRATEGIC COLLABORATION AGREEMENT BETWEEN THE PENANG DEVELOPMENT CORPORATION, PELABURAN HARTANAH BERHAD AND FBG LAND SDN BHD

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), a wholly-owned subsidiary of FBG, has on 20 January 2025 entered into a Strategic Collaboration Agreement (“SCA”) with The Penang Development Corporation and Pelaburan Hartanah Berhad for the Parties to enter into discussions and activities to collaborate in a project to develop and invest in commercial and/or industrial properties on all that piece of land measuring approximately 51.172 acres located in Bandar Cassia, Batu Kawan, Mukim 13, Daerah Seberang Perai Selatan, Pulau Pinang as part of 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. 






Announcement Info

Company Name FAJARBARU BUILDER GROUP BHD
Stock Name FAJAR
Date Announced 20 Jan 2025
Category General Announcement for PLC
Reference Number GA1-20012025-00061


Please refer attachment below.

  1. FBG - SCA (PDC PHB FBGL).pdf