ContractProposed Joint • October 23rd, 2020
PROPOSED JOINT VENTURE BETWEEN SUCCESS VIEW SDN. BHD. (“SVSB”), A WHOLLY OWNED SUBSIDIARY OF LAND & GENERAL BERHAD (“L&G” OR THE “COMPANY”) AND PACIFIC SKYLAND SDN. BHD. (“PSSB”), A WHOLLY OWNED SUBSIDIARY OF LAND PACIFIC DEVELOPMENT SDN. BHD. (“LPDSB”) AND POSITIVE VALLEY SDN. BHD. (“PVSB”), A WHOLLY OWNED SUBSIDIARY OF MALAYSIA LAND PROPERTIES SDN. BHD. (“MAYLAND”), TO ACQUIRE AND DEVELOP A COMMERCIAL FREEHOLD LAND HELD UNDER TITLE NO. GERAN 312795, LOT 25300 IN THE MUKIM OF SEMENYIH, DISTRICT OF ULU LANGAT, AND STATE OF SELANGOR MEASURING APPROXIMATELY 34,740 SQUARE METRES / 3.474 HECTARES / 373,938 SQUARE FEET IN AREA (“PROPERTY”) VIA PACIFIC PARKLAND SDN. BHD. (“PPSB”) AS THE JOINT VENTURE COMPANY (“PROPOSED JOINT VENTURE”)
