KUALA LUMPUR: Titijaya Land Bhd
has entered into a memorandum of understanding with Penang Development Corp to explore a collaboration in developing a 230-acre site in the Bandar Cassia township in Batu Kawan, Penang.
In a filing with Bursa Malaysia, Titijaya said the collaboration with the Penang Development Corp will serve as a platform for it to expand its business activities in the property development and construction projects in the state.
“The parties agree to collaborate to develop the Proposed Land subject to terms and conditions as the Parties may mutually agree in a formal definitive purchase and development agreement and/or lease agreement or joint development agreement,” it said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
