MAGNUM Corp Bhd unit Magnum Investment Ltd (MIL) has been appointed as sole manager to develop and promote a game, known as the Sports Welfare Game, in Indonesia.
Magnum Corp said in a statement that MIL, together with P.T. Multi-Magnum (PTMM), had entered into a management agreement that allowed MIL to be the sole manager until Oct 27, 2010, with an automatic extension of a further three years thereafter, subject to the yearly renewal of the license for the numbers game.
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