Description |
PROPOSED JOINT DEVELOPMENT PROJECT BETWEEN FBG AND THE PENANG DEVELOPMENT CORPORATION KNOWN AS MEDICITY ("MEDICITY PROJECT") IN BATU KAWAN, PENANG THROUGH A PURCHASE AND DEVELOPMENT ARRANGEMENT ENTAILING THE PROPOSED ACQUISITION BY FBG LAND SDN BHD (FORMERLY KNOWN AS FAJARBARU LAND (M) SDN BHD), A WHOLLY-OWNED
SUBSIDIARY OF FBG, OF A PARCEL OF LAND MEASURING APPROXIMATELY 51.172 ACRES LOCATED IN BANDAR CASSIA, BATU KAWAN, PENANG ("PARCEL 1 LAND") FOR A PURCHASE CONSIDERATION OF RM111,452,616.00 TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION")
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