MEMORANDUM OF UNDERSTANDING RANHILL UTILITIES BERHAD ("Ranhill" or "the Company") - MEMORANDUM OF UNDERSTANDING ("MOU") AND CONSORTIUM AGREEMENT ("CONSORTIUM AGREEMENT") BETWEEN MAYNILAD WATER SERVICES, INC., METROPAC WATER INVESTMENTS CORPORATION, RANHILL CAPITAL SDN. BHD., PT VARSHA ZAMINDO LESTARI AND PERUSAHAAN PERSEROAN PT PEMBANGUNAN PERUMAHAN TBK ("CONSORTIUM") TO DEVELOP SISTEM PENYEDIAAN AIR MINUM ("SPAM") IR. H. DJUANDA IN INDONESIA.
| RANHILL UTILITIES BERHAD |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | RANHILL UTILITIES BERHAD ("Ranhill" or "the Company") - MEMORANDUM OF UNDERSTANDING ("MOU") AND CONSORTIUM AGREEMENT ("CONSORTIUM AGREEMENT") BETWEEN MAYNILAD WATER SERVICES, INC., METROPAC WATER INVESTMENTS CORPORATION, RANHILL CAPITAL SDN. BHD., PT VARSHA ZAMINDO LESTARI AND PERUSAHAAN PERSEROAN PT PEMBANGUNAN PERUMAHAN TBK ("CONSORTIUM") TO DEVELOP SISTEM PENYEDIAAN AIR MINUM ("SPAM") IR. H. DJUANDA IN INDONESIA. |
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Further to the announcements made on 23 July 2020, 27 July 2020, 26 August 2020, 30 November 2020, 29 March 2021, 28 May 2021, 30 August 2021, 29 November 2021, 25 February 2022, 31 May 2022, 26 August 2022, 30 November 2022, 24 February 2023, 29 May 2023, 15 August 2023, 14 November 2023, 29 February 2024, 27 May 2024, 14 August 2024, 14 November 2024, 18 February 2025 and 18 May 2025, the Board of Ranhill wishes to inform that the Company has resolved to discontinue pursuing the development of SPAM IR. H. Djuanda ("Project") in Indonesia due to change in strategic business direction.
The Company has fully accounted for the financial impact arising from the discontinuation of the Project in its financial results for the year ended 30 June 2025.
Unless otherwise stated, defined terms in this announcement shall carry the same meaning as defined in the previous announcements.
This announcement is dated 18 August 2025. |
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Announcement Info
| Company Name | RANHILL UTILITIES BERHAD |
| Stock Name | RANHILL |
| Date Announced | 18 Aug 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18082025-00022 |