Reference is made to the Company’s announcement dated 29 January 2021 pertaining to Proposed Joint Venture.

The Board of NGGB wishes to provide the following additional information in relation to the Proposed Joint Venture:-

1. The estimated cost of the 5000MT tissue paper mill plant.

The estimated cost of the 5000MT tissue paper mill plant will be RM50 million.

2. The investment proportion required by NGGB for the Proposed Joint Venture.

NGGB will be funding 51% of the total cost for the Proposed Joint Venture.

3. Source(s) of funding.

The Proposed Joint Venture will be funded via internally generated fund, bank borrowing and/or other funding alternatives which at the discretion of the Board.

4. Does the Proposed Joint Venture constituted any diversification of NGGB.

The Proposed Joint Venture does not constitute any diversification of business for NGGB.

This announcement is dated 2 February 2021.

Announcement Info