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The Board of Directors of ECM Libra Group Berhad (the “Company”) wishes to announce that:
(i) OHG Services Sdn Bhd (“OHG”), a joint venture company of the Company, has on 23 December 2024 entered into a supplemental agreement (“Supplemental Agreement”) to the Concession Agreement dated 5 April 2013 for the Design, Construction, Financing, Operation, Management and Maintenance of Limited-Service Hotel at Kuala Lumpur International Airport, Sepang, Malaysia (“Principal Agreement”).
(ii) The Principal Agreement was originally executed between Malaysia Airports (Properties) Sdn Bhd and OHG and subsequently, via an Assignment and Novation Agreement dated 12 December 2023 (“Assignment and Novation Agreement”), novated to Malaysia Airports (Sepang) Sdn Bhd (“MA Sepang”).
(The Principal Agreement, and the Assignment and Novation Agreement shall collectively be referred to as the "Concession Agreement".)
The Supplemental Agreement entered into with MA Sepang is to vary certain terms and conditions of the Concession Agreement.
Please refer to the attachment for details of the announcement.
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