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MELATI EHSAN HOLDINGS BHD MELATI (5129)

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last updated: 1-Nov-2017 4:56 PM
Company: MELATI EHSAN HOLDINGS BHD
Date Announced: 28-Jan-2011
Subject: MELATI EHSAN HOLDINGS BERHAD ("MELATI" or "THE COMPANY") JOINT VENTURE AGREEMENT ENTERED INTO BY BAYU MELATI SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF MELATI AND PKNS HOLDINGS SDN. BHD. FOR THE PROPOSED DEVELOPMENT OF THREE PIECES OF FREEHOLD COMMERCIAL LANDS LOCATED AT KELANA JAYA, SELANGOR
Content: INTRODUCTION The Board of Directors of Melati wishes to announce that Bayu Melati Sdn. Bhd. (Company No. 415653-V)(“BMSB” or “the Developer”), a wholly-owned subsidiary of Melati, had on 28 January 2011 entered into a Joint Venture Agreement (“JVA”) with PKNS Holdings Sdn. Bhd. (Company No. 190684-D)(“PKNS Holdings”), a subsidiary of Perbadanan Kemajuan Negeri Selangor (“PKNS”) for the proposed development of three pieces of freehold commercial lands collectively having a land area of 75,473 square metres with a Sports Complex known as “Kompleks Sukan PKNS” (“the Land”) located at Kelana Jaya, Selangor into a mixed commercial development in accordance with the approved plans and specifications subject to the terms and conditions contained in the JVA (“Proposed Joint Venture”). Please refer to the attachment for the full announcement on the Proposed Joint Venture.
Attachment: Announcement - JVA(Bayu-PKNS).pdf
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