BLSB definition

BLSB and ▇▇▇▇ ▇▇▇▇ Kong (“WCK”) to jointly undertake the management and operation of twenty-four (24)-hour coin-operated (self-operated) laundry business operating in Malaysia in accordance with the system developed by BLSB for the establishment and operation of the business which includes without limitation, distinctive exterior and interior design, colour system and furnishing products, services and specification procedures, inventory and management controls, training and assistance (“the Business”) (“Proposed Joint Venture”). The Proposed Joint Venture is deemed a related party transaction pursuant to Chapter 10 of the ACE Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) as Datin ▇▇▇ ▇▇▇▇ Mee (“Datin Lai”) is one (1) of the major shareholders of BLSB and is a person connected to (i.e., spouse of) Dato’ Ng Aik Kee (a major shareholder of JAG and the Managing Director of JMI), Dato’ Ng Meow Giak (an Executive Director and major shareholder of JAG as well as Chief Operating Officer of JMI) and Ng Yaw Long (a major shareholder of JAG and the Operations Director of JMI). Dato’ Ng Aik Kee, Dato’ Ng Meow Giak and Ng Yaw Long are brothers.

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Examples of BLSB in a sentence

• BLSB is a private limited company incorporated in Malaysia on 12 April 2013 under the Act and having its registered address at 2B-9, Jalan Kesidang ▇/▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ and place of business at ▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇ Nuri, 76100 Durian Tunggal, Melaka.

• Datin Lai is also one (1) of the major shareholders of BLSB, holding 23% of the total issued and paid-up capital of BLSB.

• As at the LPD, the shareholders of BLSB and their respective shareholdings are as follows: Monl Group Sdn.

• BLSB shall instruct its employees and agents, give JMI all necessary assistance and access to its facilities, records, documents and premises for the purposes of the Due Diligence.

• BLSB has an authorised share capital of RM5,000,000/- comprising 5,000,000 ordinary shares of RM1/- each, of which RM2,000,000/- comprising 2,000,000 ordinary shares of RM1/- each (“BLSB Shares”) have been issued and fully paid-up.

• Furthermore, the Group would also be able to leverage on the expertise of its joint ventures partners (i.e., BLSB and WSK) and the Board has considered the historical track record, experience and capabilities of the joint venture partners (whom collectively will be holding twenty per centum (20%) equity interest in JAG Nasmech).

• The aggregate subscription price payable by BLSB for all 1,503,760 ordinary shares of Fully Holdings will be approximately S$2,000,000.

• Without limitation of, but rather in addition to, the provisions of Sections 2.1 and 2.2 hereof, Bidder hereby releases BLSB, and the BLSB Parties, from any and all claims, causes of action, damages, obligations, penalties, property or bodily injury and/or liabilities arising out of, or relating directly or indirectly to, any known or unknown Environmental Hazard at, in, on, adjacent to, emanating from, or under the Property or related to the operations thereon.

• The Company was not involved in the negotiations between BLSB and Fully Holdings in relation to the subscription price of S$1.33 per share under the BLSB SSA.

• BLSB, a private limited company incorporated in Malaysia under the Companies Act 1965 and deemed registered under the Companies Act 2016, with its registered address at Level ▇, ▇▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇, is a wholly-owned subsidiary of Bina Darulaman Berhad (“BDB”) which is currently listed on the Main Market of Bursa Malaysia Securities Berhad and principally involved in property development.