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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED JOINT VENTURE BETWEEN ACGT VEGETABLE AGVENTURES SDN BHD AND SHOUGUANG VEGETABLE SCIENCE AND TECHNOLOGY SDN BHD TO DEVELOP APPROXIMATELY 70 ACRES OF LAND IN KULAI, JOHOR ("PROPOSED JV")
GENTING PLANTATIONS BERHAD
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED JOINT VENTURE BETWEEN ACGT VEGETABLE AGVENTURES SDN BHD AND SHOUGUANG VEGETABLE SCIENCE AND TECHNOLOGY SDN BHD TO DEVELOP APPROXIMATELY 70 ACRES OF LAND IN KULAI, JOHOR ("PROPOSED JV")
(Reference is made to the announcements dated 18 August 2025, 13 February 2026 and 15 June 2026 in relation to the Proposed JV ("Announcements"). Unless otherwise defined, the definitions used herein shall have the same meanings as defined in the Announcements.)
The Board of Directors of Genting Plantations Berhad ("Board") wishes to announce that the JVAs have been completed on 13 August 2026 following the completion of the subscription of shares by the JV Parties in the JV Technology Company and JV Operating Company with the shareholding structure as follows:
Company
JV Parties
Equity Interest
Paid up capital
Shouguang Vegetable GeneTech Sdn Bhd (JV Technology Company)
ACGT Vegetable AgVentures Sdn Bhd ("AVA")
60%
RM210,001,000
Shouguang Vegetable Science and Technology Sdn Bhd ("SVST")
40%
Shouguang Vegetable AgVentures Sdn Bhd (JV Operating Company)