The Board of Directors of Nextgreen wishes to announce that Nextgreen Resources Sdn Bhd (“NRSB”), its wholly-owned subsidiary of the Company had on 11 October 2023 entered into a Joint Venture Agreement (“JVA”) with P Teguh Services Sdn Bhd (“PTSSB”) to undertake a joint venture through a special purpose vehicle to be incorporated in Malaysia under the Companies Act 2016 (“Company”) to engage in the business of trading, supply and export of biodiesel, edible cooking oil and various other related products including equipment and facilities, construction of depot and such other related business as the parties may mutually agree from time to time (“Joint Venture”).  

(NRSB and PTSSB shall hereinafter be collectively referred to as the “Parties” and individually as the “Party”).

Please refer to the attachment for the details of the announcement. 

This announcement is dated 11 October 2023.

Please refer attachment below.

Announcement Info