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Sentoria Group Bhd Announces Joint Venture Agreement


Monday, 31 Dec 2012 04:04am EST 

Sentoria Group Bhd announced that it has entered into a Joint Venture Agreement with Seriemas Development Sdn. Bhd. (Seriemas) to jointly undertake the development of 204 acres of land into a mixed development of commercial and residential units and a Development Rights Agreement (DRA) with Seriemas for the development by the Company of another 150 acres of land into a water theme park, resort and convention centre, boutique hotel and safari park (comprising of river and night safari and thereafter the sale of each component by Seriemas to the Company individually and separately under four different sale and purchase agreements pursuant to the call option and put option granted under the DRA in respect of the four components. 

Company Quote

1.53
-0.02 -1.29%
4:42am EDT