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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

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12/12/2011 | 07:50am CET
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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