Titijaya to explore collaboration

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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Strong economic fundamentals, prudent management to contribute to stronger ringgit
Matrix Concepts announces preview of latest Melbourne project
Poor skinny kid from Malaysia makes it really big
Brent could push past US$150/bbl if Russian oil exports shrink, BofA says
Indonesia to allocate about 1 million tonnes of palm oil for export
UK equities record best week since mid-March
Oil settles up ahead of US driving season
World stock markets rally, treasury yields fall on inflation data
Wall St Week Ahead-Stock rally fanned by hopes of Fed 'past peak hawkishness'
Embracing sustainability

Others Also Read