Proposed Development of Excelsior International School in Bandar Seri Alam: Joint Venture Arrangement between a wholly-owned subsidiary of UMLand and Raffles Campus Pte Ltd
12/12/2011| 01:50am US/Eastern

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UNITED MALAYAN LAND BHD ("UMLand" or the
"Company")
• SHAREHOLDERS AGREEMENT BETWEEN SERI ALAM PROPERTIES SDN BHD
(SERI ALAM), A WHOLLY OWNED SUBSIDIARY OF UMLAND, AND RAFFLES
CAMPUS PTE LTD (RAFFLES) TO GOVERN A JOINT VENTURE COMPANY,
NAMELY RAFFLES CAMPUS (SERI ALAM) SDN BHD (RCSA) (PROPOSED
JOINT VENTURE)
• OPTION TO PURCHASE SHARES AGREEMENT BETWEEN SERI ALAM AND
RAFFLES TO GRANT RAFFLES THE OPTION TO PURCHASE THE REMAINING
51% OF THE TOTAL ISSUED AND PAID UP SHARE CAPITAL OF RCSA
(PROPOSED CALL OPTION)
• SALE AND PURCHASE AGREEMENT BETWEEN SERI ALAM AND RCSA FOR
THE ACQUISITION BY RCSA OF A PARCEL OF FREEHOLD LAND
MEASURING 19.71 ACRES HELD UNDER THE MASTER TITLE HS(D)
310781, PT NO. 158257, MUKIM OF PLENTONG, DISTRICT OF JOHOR
BAHRU, STATE OF JOHOR FROM SERI ALAM (PROPOSED
ACQUISITION)
(Collectively known as the "Proposals")
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