Memorandum Of Understanding

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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.

This announcement is dated 12 January 2018.

 

 


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

  1. MOU_-_12.01.2018.pdf (Size: 209,613 bytes)