EWEIN (7249) - Ewein Berhad (Ewein or the Company) Joint Venture Agreements

EWEIN (7249) - Ewein Berhad ("Ewein" or "the Company") Joint Venture Agreements

General Announcement

Reference No CC-150331-57951

Company Name	:	EWEIN BERHAD
Stock Name	:	EWEIN
Date Announced	:	31/03/2015

Type	:	Announcement
Subject	:	OTHERS
Description	:	Ewein Berhad ("Ewein" or "the Company") Joint Venture Agreements
Announcement Details/Table Section :   The Board of Directors is pleased to announce that pursuant to the Joint Venture Agreement dated 24 December 2013 and the Supplemental Agreement dated 27 February 2014 as announced on 24 December 2013 and 27 February 2014 respectively (the said “Agreements”), the said parcel of land as described in the said Agreements known as Lot 702 situated in Section 1, Bandar Tanjong Pinang, Daerah Timur Laut, Negeri Pulau Pinang (the said “Land”), has been alienated to Ewein Zenith Sdn Bhd on 17 February 2015. Ewein Zenith Sdn Bhd is a 60% subsidiary of Ewein Land Sdn Bhd, which in turn is a wholly owned subsidiary of Ewein Berhad.     The Board of Directors would also like to announce that Ewein Zenith Sdn Bhd has received approval from the Majlis Perbandaran Pulau Pinang on the planning permission for the proposed development on the said Land on 30 March 2015.     This announcement is dated 31 March 2015.