| Type | Announcement |
| Subject | OTHERS |
| Description | SKYWORLD DEVELOPMENT BERHAD ("SKYWORLD DEVELOPMENT" OR THE "COMPANY") PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OPERATIONS OF SKYWORLD DEVELOPMENT TO INCLUDE THE MANUFACTURING OF PREFABRICATED AND PREFINISHED MODULAR SYSTEMS ("PROPOSED DIVERSIFICATION") |
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On behalf of the Board of Directors of SkyWorld Development, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that SkyWorld Development proposes to diversify the existing business operations of SkyWorld Development and its subsidiaries to include the business of manufacturing of prefabricated and prefinished modular systems ("Prefabricated Manufacturing Business"). The Prefabricated Manufacturing Business is envisaged to be undertaken through a collaboration with Teambuild Holding (S) Pte Ltd. This collaboration will be undertaken through SkyWorld Development's subsidiary, Prefab Master Sdn Bhd based on the terms and conditions set out in the Shareholders' Agreement dated 20 January 2025.
Further details of the Proposed Diversification are set out in the announcement and press release attached below.
This announcement is dated 20 January 2025.
Please refer attachment below. |
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| Company Name | SKYWORLD DEVELOPMENT BERHAD |
| Stock Name | SKYWLD |
| Date Announced | 20 Jan 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20012025-00049 |
Attachments