This printed article is located at https://facbi.listedcompany.com/news.html

News

Others

BackOct 07, 2011

Date Announced

07/10/2011

Type

Announcement

Subject

OTHERS

Description

SETTLEMENT AGREEMENT DATED 7 AUGUST 2008 OF DAPAN HOLDINGS SDN BHD ("DHSB"), KARAMBUNAI CORP BHD ("KCB"), BERIBU UKIRAN SDN BHD ("BUSB") AND FACB INDUSTRIES INCORPORATED BERHAD ("FACBII")

Announcement Details/Table Section :

We refer to our previous announcements regarding the above matter.

KCB and DHSB (a subsidiary company of KCB) are currently in discussion and joint consultation with FACBII to vary the terms of the settlement sum of RM32,505,193 due under the agreement on 6 October 2011.

Further details will be announced in due course once the terms of the settlement proposal have been finalized and the relevant approvals (including shareholders' approval) will be sought in due course.