General announcement
OTHERS
ARTICLE APPEARING IN THE STAR DATED 23 MAY 2014
ARTICLE APPEARING IN “THE STAR” DATED 23 MAY 2014
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Subject :: OTHERS
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Reference is made to the article in “The Star” dated 23 May 2014 titled “Nexgram unit to partner Protasco for Cyberjaya project”. Protasco Berhad (“Protasco” or “Company”) wishes to clarify that the Company has entered into preliminary discussion with Nexgram Holdings Berhad (formerly known as Nextnation Communication Berhad) (“Nexgram”) for the proposed development project in Cyberjaya. This proposal has yet to be presented to the Board of Directors (“Board”) of Protasco for further deliberation.
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As the proposal is still at a preliminary stage, no gross development value and development period has been discussed or agreed upon.
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Protasco will make the necessary announcement once the proposal is formalised and approved by the Board of Protasco. As such, no further announcement on the proposal will be made today.
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This announcement is dated 23 May 2014.
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