OTHERS Collaboration with Himalayan Builders & Engineers Private Limited
PROTASCO BERHAD |
Type | Announcement | ||||||||||||
Subject | OTHERS | ||||||||||||
Description | Collaboration with Himalayan Builders & Engineers Private Limited | ||||||||||||
Protasco Berhad (“Company”) wishes to announce that its following subsidiaries, had on 24 March 2014 signed with Himalayan Builders & Engineers Private Limited (“HBE”), a company incorporated in Nepal the following documents:
Reference is also made to the following statement in article entitled "Protasco to invest in Nepal” that appeared in The Star, StarBiz, page 7 on Wednesday, 26 March 2014:
“The lab and boutique hotel would be of international standard with about US$100 million investment, said Khanal after the signing ceremony”
The Company wishes to clarify that the above amount was not mentioned in the MOU. The parties are in the midst of conducting a feasibility study. As of todate, the investment value of the Project has yet to be ascertained.
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Announcement Info
Company Name | PROTASCO BERHAD |
Stock Name | PRTASCO |
Date Announced | 26 Mar 2014 |
Category | General Announcement |
Reference No | CA-140326-51561 |