Gunung Capital, GETS Global sign MoU for 100-bus purchase


  • Corporate News
  • Wednesday, 25 Sep 2019

KUALA LUMPUR: Gunung Capital Bhd has entered a memorandum of understanding (MoU) for the purchase of 100 high specification buses from GETS Global Bhd.

It said in a statement that the price of each bus will be a minimum of RM500,000, subject to agreed upon specifications.

GETS has agreed in principle that it is able to manufacture and deliver the buses within nine months from the date of a sales and purchase agreement.

"The MOU will have no material effect on earnings, revenue and net assets per share of Gunung Capital Berhad and its subsidiaries for the financial year ending 31 December 2019," said Gunung.
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