Content: |
Dear Sir,
Far East Holdings Berhad ("FEHB" or "Company")
Lease Agreement Signed Between Rangkaian Delima Sdn Bhd ("RDSB") and Far East Delima Plantations Sdn Bhd ("Joint Venture Company")
We refer to our earlier announcements dated 6 October 2004, 9 November 2004, 6 December 2004 in relation to the proposed development of an oil palm plantation land situated in Mukim Rompin held under H.S.(D) 4125, PT 4116 (“the said Land”). RDSB and FEHB have agreed to jointly develop part of the said Land measuring approximately 2,830.85 hectares (hereinafter referred to as the “Project Land”) into an oil palm plantation (hereinafter referred to as the “Project”) and for the purposes of the Project, RDSB and FEHB had entered into a Joint Venture Agreement dated 6 October 2004 (hereinafter referred to as “the Joint Venture Agreement”) by which the Joint Venture Company was formed subject to the terms and conditions contained therein.
The Board of Directors of FEHB wishes to announce that on 30 August 2010, the Lease Agreement was signed between RDSB and Joint Venture Company pursuant to the Joint Venture Agreement signed on 6 October 2004 and Supplemental Agreement dated 15 December 2009. |