News
JOINT VENTURE AGREEMENT BETWEEN FM GLOBAL LOGISTICS VENTURES SDN. BHD. ("FMGLV"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF FM AND CN INVESTMENT LIMITED ("CNL")
| Type | Announcement |
| Subject | OTHERS |
| Description |
FREIGHT MANAGEMENT HOLDINGS BHD. ("FM" OR "THE COMPANY") JOINT VENTURE AGREEMENT BETWEEN FM GLOBAL LOGISTICS VENTURES SDN. BHD. ("FMGLV"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF FM AND CN INVESTMENT LIMITED ("CNL") |
Pursuant to Paragraph 9.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that FMGLV, an indirect wholly-owned subsidiary of the Company has on 18 May 2021 entered into a Joint Venture Agreement with CNL, to formalise and set out the basic terms of their relationship with each other via their respective investment participation in the joint venture through a joint venture company, namely, CN FM Logistics (Malaysia) Sdn. Bhd. (collectively referred to as “Joint Venture”).
Please refer to the attachment for further details of the Joint Venture.
This announcement is dated 18 May 2021.
Please refer attachment below.
Announcement Info
| Company Name | FREIGHT MANAGEMENT HOLDINGS BERHAD |
| Stock Name | FREIGHT |
| Date Announced | 18 May 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18052021-00064 |
Attachments
- FMHB-Announcement_on_JV_Agreement_between_FMGLV_and_CNL.pdf (Size: 398,893 bytes)