Blog: EKOVEST joins Pan Borneo Highway project, JV work package worth RM2.1bil (The Star)

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2 comment(s). Last comment by moneySIFU 2017-01-07 14:43

moneySIFU

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Posted by moneySIFU > 2017-01-07 14:40 | Report Abuse

http://www.theedgemarkets.com/my/article/ekovest-samling-jv-bags-rm21-bil-pan-borneo-highway-job

moneySIFU

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Posted by moneySIFU > 2017-01-07 14:43 | Report Abuse

In the edge news:

Samling-Ekovest JV Sdn Bhd, would be held on a 70:30 ratio by Samling Resources and Ekovest respectively. It will be incorporated as the vehicle for the parties to implement the project.

The initial subscription of the Samling-Ekovest shares, and future investment or shareholders’ advances would be funded via internal funds, and/or bank borrowings.

Samling Resources will sub-contract the project in its entirety on a back-to-back basis to Samling-Ekovest at the same price at which the project was awarded to Samling Resources.

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