Friday 26 Apr 2024
By
main news image

KUALA LUMPUR (Mar 11): Pasukhas Group Bhd has entered into a memorandum of understanding (MOU) with Singapore-based Wireless Network Investment Pte Ltd (WNIPL) to commence discussion to jointly undertake a property development project in Jakarta, Indonesia.

In a filing with Bursa Malaysia today, Pasukhas (fundamental: 1.15; valuation: 0) said it has signed the MOU with WNIPL to commence discussion and negotiatiations exclusively in good faith the detailed on the structures and terms of the proposal with the intention to finalise and enter into the relevant definitive agreements within three months from now.

“The company will make a detailed announcement upon the execution of the definitive agreement in compliance with the requirements of Bursa Securities’s Listing Requirements,” said Pasukhas.

Pasukhas shares closed unchanged at 24 sen today, with a market capitalisation of RM70.8 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
 

      Print
      Text Size
      Share