AGESON Bhd’s wholly-owned subsidiary Esa Pile Sdn Bhd has accepted a letter of intent for the sale of natural sand to Boyijun Resources (HK) Ltd for a contract value of US$26.6 mil (RM116.8 mil) up to Dec 2021, with an option for extension.
The construction and property development group said the agreement would enable the company to further expand geographically, enhance its profitability and shareholders’ value as well as create synergistic business opportunities in the future.
“The letter of intent is expected to contribute positively to the company’s future earnings, earnings per share and enhance the consolidated net assets of the company,” it added in a filing with Bursa Malaysia today.
Prior to December last year, Ageson was known as Prinsiptek Corporation Bhd. – April 23, Bernama
