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BRIEF-Indoor Skydive Australia signs MOU with Bandar Utama City
February 13, 2017 / 9:49 PM / 9 months ago

BRIEF-Indoor Skydive Australia signs MOU with Bandar Utama City

Feb 14 (Reuters) - Indoor Skydive Australia Group Ltd

* signed a memorandum of understanding (mou) for development of it’s first indoor skydiving facility with Bandar Utama City Sdn Bhd

* Cost of project, including internal costs, to ISA Group is estimated to be between $1.5 to $2 million

* mou provides a framework for development, construction and operation of an indoor skydiving facility at 1 Utama shopping centre

* “expect to fund this from operating cashflows, supplemented by existing cash reserves and debt if appropriate.” Source text for Eikon: Further company coverage:

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