Proposed Joint Venture between Achwell Property Sdn Bhd, a wholly-owned subsidiary of Gadang Holdings Berhad, and Capital City Property Sdn Bhd for an integrated development comprising a retail podium, office suites tower blocks and hotel suites tower blocks in Bandar Johor Bahru, District of Johor Bahru, State of Johor Darul Takzim ("Proposed Joint Venture")
Further to the Notice of Extraordinary General Meeting ("EGM") dated 8 April 2014, the Board of Directors of Gadang Holdings Berhad is pleased to announce that the resolution in relation to the Proposed Joint Venture tabled at the EGM held on 23 April 2014 has been approved by the shareholders during the EGM.
This announcement is dated 23 April 2014.