IGB BERHAD (“IGB” OR “COMPANY”)
(I) PROPOSED JOINT VENTURE (“JV”) BETWEEN IGB CORPORATION BERHAD (“IGBCB”), A WHOLLY-OWNED SUBSIDIARY OF IGB, AND SOUTHKEY CITY SDN BHD (“SCSB”), THROUGH ENRICH HORIZON SDN BHD (“EHSB” OR THE “JVC”) (THE “PROPOSED JV”); AND
(II) PROPOSED ACQUISITION BY EHSB OF 2 PARCELS OF LEASEHOLD LAND MEASURING APPROXIMATELY 859,897 SQUARE FEET LOCATED IN MUKIM PLENTONG, DAERAH JOHOR BAHRU, NEGERI JOHOR (THE “LAND”), IN RELATION TO THE PROPOSED JV (THE “PROPOSED ACQUISITION”)
COLLECTIVELY REFERRED TO AS THE “PROPOSALS"
This announcement is dated 27 August 2025.