| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | Update on the status of Memorandum of Understanding ("MOU") between SkyWorld Development (Vietnam) Company Limited, SkyVenue Land Group Joint Stock Company and SkyBridge Company Limited |
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Reference is made to the Company’s announcement dated 30 August 2024 (“Announcement”). Unless otherwise stated, defined terms used in this announcement shall have the same meanings as defined in the Announcement. The Board wishes to announce that as of the date of this announcement, due diligence has been completed, the parties are currently in the midst of negotiating term sheet before finalising shareholders' agreement and sales and purchase agreement. The Company will announce further developments in respect of the MOU in due course. This announcement is dated 22 November 2024. |
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| Company Name | SKYWORLD DEVELOPMENT BERHAD |
| Stock Name | SKYWLD |
| Date Announced | 22 Nov 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22112024-00015 |