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BRIEF-Encorp says unit and Sinmah Development entered into a joint venture agreement
June 9, 2017 / 7:33 AM / 4 months ago

BRIEF-Encorp says unit and Sinmah Development entered into a joint venture agreement

June 9 (Reuters) - Encorp Bhd :

* Unit, Sinmah Development and Sinmah Development JV had entered into a joint venture and shareholders agreement

* Unit to assign developmental rights for land to Sinmah Development JV for 69.7 million rgt

* Encorp group is expected to realise a net gain of about 11.18 million rgt for FYE 2017

* Says the project is expected to contribute positively to Encorp Group’s future earnings Source text : (bit.ly/2sJJS9h) Further company coverage:

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