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Ahmad Zaki Resources Bhd Announces Joint-venture Agreement Between Azrb And Malaysian Harvest Sdn Bhd And Primary Horizon Sdn Bhd

Wednesday, 2 Oct 2013 06:57am EDT 

Ahmad Zaki Resources Bhd (AZRB) announced that the Company has on October 2, 2013 entered into a Joint Venture Agreement with Malaysian Harvest Sdn Bhd (MHSB) and Primary Horizon Sdn Bhd (PHSB). The JV Parties are desirous of participating in a joint venture company named 'Peninsular IFM Sdn Bhd' to carry on the business of providing integrated facilities management services for buildings or facilities or certain projects undertaken by the JV Parties, subject to the terms and conditions stated in the JV Agreement. All the issued and paid-up capital of the JV Company shall at all times be held in the following percentage proportions; AZRB - 34%; MHSB - 33% and PHSB - 33%. JV Company shall be funded by equity injection by the JV Parties. 

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4:51am EDT