| Type | Announcement |
| Subject | OTHERS |
| Description | Acceptance of Letter of Acceptance ("LOA") from Perbadanan PR1MA Malaysia ("PR1MA") to develop quality affordable homes for PRIMA at Brickfields 2 at Lot 20005 Seksyen 95 (PT28), Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur ("the Development Land") by Aspirasi Cekap Sdn Bhd, a wholly-owned subsidiary of SkyWorld Development ("Proposed Development") |
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The Board of Directors of SkyWorld Development is pleased to announce that, Aspirasi Cekap Sdn Bhd ("ACSB"), a wholly-owned subsidiary of the Company has accepted the LOA from PR1MA to undertake and carry out the Proposed Development and construction of PR1MA Homes along with all associated components, amenities and infrastructure in the Development Land subject to the terms and conditions as stipulated in the LOA.
A Joint Development Agreement ("JDA") will be entered into between ACSB and PR1MA within sixty (60) calendar days from the date of the LOA or such other date as may be determined by PR1MA. Salient terms will be announced upon execution of the JDA. The LOA shall be valid, binding and effective from the date of acceptance until the JDA is executed.
Please refer attachment below. |
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| Company Name | SKYWORLD DEVELOPMENT BERHAD |
| Stock Name | SKYWLD |
| Date Announced | 28 Aug 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28082024-00045 |
Attachments