Common Contracts
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JOINT VENTURE AGREEMENT ON NATURAL GAS VEHICLE (“NGV”) CONVERSION BUSINESS IN MALAYSIAOctober 22nd, 2007
Asian Micro Holdings Ltd (“AMH” or the “Company”) is pleased to announce that the Company has signed the Joint Venture Agreement with Suria Professional Service Centre Sdn Bhd (“Suria”) on 22nd October 2007 following the MOU dated 12th September 2007. However, AMH will invest a total investment consideration of RM$200,000/= for 20% stake holdings in Suria while the Group’s subsidiary, SO NGV (S) Pte Ltd will invest RM$100,000/= for a 10% stake holdings in Suria. The total investment consideration of RM$300,000/= will be injected via enlarged share capital and share purchase from its current shareholder. The investment will be funded through the proceeds from the private placement in July 2007.
