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Announcement

 

General Announcement

Reference No CCC-090616-4C078

Company Name

:

GOLDEN PHAROS BERHAD

Stock Name

:

GPHAROS

Date Announced

:

16/06/2009

 
 

Subject

:

GOLDEN PHAROS BERHAD ("GPB" OR "THE COMPANY")
-Deed of Mutual Termination

Contents

 

 

 

 

:

 

 

 

 

Further to the Company's announcements made on 7 August 2007 and 23 November 2007, the Board of Directors of GPB wishes to announce that the parties involved namely GPB, Golden Pharos Overseas Sales Sdn Bhd, a wholly-owned subsidiary of GPB, Triton Logging Inc. and Sawfish Underwater Logging Sdn Bhd ("SUL"), had mutually agreed to terminate the Memorandum of Understanding and the One Year Under Water Logging Contract in relation to the harvesting of timber at Lake Kenyir

The termination was due to the decision made by the management of SUL to close down its operation in Malaysia.

 

 

 

 

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