Anzo Holdings Bhd, an affected listed issuer that may not have a level of operations adequate to warrant continued trading or listing on Bursa Malaysia, announced today the termination of two collaboration agreements it inked nearly three years ago for a planned RM420 million project in Petaling Jaya.
The first was the collaboration agreement signed between its wholly-owned subsidiary Harvest Court Properties Sdn Bhd (now known as Anzo Properties Sdn Bhd) and Captivate Max Sdn Bhd, which Anzo said has been terminated due to unfavourable market conditions.
Separately, Anzo said the collaboration agreement between Anzo Properties and DVM Innovate Sdn Bhd — a unit of Key Alliance Group Bhd — for the development of a proposed e-commerce fulfilment hub, has also been terminated upon expiry.
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xuxu
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Posted by xuxu > 2020-06-24 16:29 | Report Abuse
aiyo up too fast already, also very obvious