Memorandum Of Understanding
12-01-2018
Type | Announcement |
Subject | MEMORANDUM OF UNDERSTANDING |
Description |
TITIJAYA LAND BERHAD ('TITIJAYA" OR "COMPANY") PROPOSED COLLABORATION BETWEEN TITIJAYA AND TOKYU LAND CORPORATION - MEMORANDUM OF UNDERSTANDING |
The Board of Directors of Titijaya (“Board”) refers to the Company’s announcement on 29 November 2017 in connection with the proposed share subscription by Tokyu Land Corporation (“TLC”) in Epoch Property Sdn Bhd, a wholly-owned subsidiary of Titijaya (“Proposed Subscription”). Unless otherwise indicated, all capitalised terms used or referred to in this announcement, shall have the meaning ascribed to it in the announcement dated 29 November 2017. In furtherance to the Proposed Subscription, Titijaya is pleased to announce that it will on 13 January 2018 enter into a memorandum of understanding with TLC (“MOU”) to establish a provisional collaboration to share and exchange their respective knowledge and expertise in the real estate industry with the intention of further revolutionising Titijaya and TLC’s real estate development and whenever a suitable opportunity presents itself, to collaborate with each other for any property development projects that either of them may undertake (“Proposed Collaboration”). Please refer to the attachment for additional information. |
Announcement Info
Company Name | TITIJAYA LAND BERHAD |
Stock Name | TITIJYA |
Date Announced | 12 Jan 2018 |
Category | General Announcement for PLC |
Reference Number | GA1-12012018-00085 |
Attachments
- MOU_-_12.01.2018.pdf (Size: 209,613 bytes)