Friday 20 September 2013

IJM Land and FCW Holdings Bhd in tie-up

PETALING JAYA: IJM Land Bhd has entered into a shareholders’ agreement with FCW Holdings Bhd and its 50:50 joint-venture company (JV Co) 368 Segambut Sdn Bhd to regulate their relationship in relation to a mixed development on four parcels of land in Kuala Lumpur.

A Bursa Malaysia announcement said it would entail the JV Co entering into two conditional sale and purchase agreements with the FCW units – FCW Industries Sdn Bhd and Federal Telecommunications Sdn Bhd – to acquire the said freehold land.

20 Sept 2013, The Star

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