Circular/Notice to Shareholders

FAJARBARU BUILDER GROUP BHD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- (I) PROPOSED JOINT DEVELOPMENT PROJECT BETWEEN FAJARBARU BUILDER GROUP BHD ("FBG" OR THE "COMPANY") AND THE PENANG DEVELOPMENT CORPORATION KNOWN AS MEDICITY 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 FOR A PURCHASE CONSIDERATION OF RM111,452,616.00 TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION"); AND (II) PROPOSED CHANGE OF THE COMPANY'S NAME FROM "FAJARBARU BUILDER GROUP BHD" TO "FBG HOLDINGS BERHAD" ("PROPOSED CHANGE OF NAME") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")




Announcement Info

Company Name FAJARBARU BUILDER GROUP BHD
Stock Name FAJAR
Date Announced 22 May 2025
Category Document Submission
Reference Number DCS-22052025-00012


Please refer attachment below.

  1. FBG - Circular (Proposals).pdf