Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


OTHERS JOINT DEVELOPMENT AGREEMENT BETWEEN E PROMPT SDN. BHD. AND TAFI DEVELOPMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF TAFI INDUSTRIES BERHAD ("TAFI" OR THE "COMPANY")

TAFI INDUSTRIES BERHAD

Type Announcement
Subject OTHERS
Description
JOINT DEVELOPMENT AGREEMENT BETWEEN E PROMPT SDN. BHD. AND TAFI DEVELOPMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF TAFI INDUSTRIES BERHAD ("TAFI" OR THE "COMPANY")

We refer to our announcements made on 5 November 2020 and 10 November 2020 (“the Announcements”) in relation to the conditional joint development agreement (“JDA”) dated 5 November 2020 between E Prompt Sdn. Bhd. (“E Prompt”) and Tafi Development Sdn. Bhd. (“TAFI Development”) to jointly develop a portion of a freehold land measuring in aggregate approximately 33 acres (“Development Land”) forming part of a parcel of land held under Geran No. Pendaftaran 2700, Lot 457, Mukim Ringlet, District of Cameron Highlands, State of Pahang measuring approximately 47 acres (“Complete Land”) into a mixed development project which is proposed to comprise of town houses, apartments and commercial shops (“Development Project”) (“Proposed Joint Development”).  

Unless otherwise stated, defined terms used in the announcement shall carry the same meanings as defined in the Announcements.

The Board of Directors of TAFI (“Board”) wishes to announce that both E Prompt and TAFI Development had on 19 November 2021 mutually agreed that the JDA in respect of TAFI Development’s maiden property development project in Habu, Cameron Highlands, State of Pahang is now unconditional.

TAFI Development has been notified via Majlis Daerah Cameron Highlands’ letter dated 12 November 2021 that the Development Order for the Development Project has been approved by Jawatankuasa Pusat Setempat Majlis Daerah Cameron Highlands. TAFI Development is currently in the process of applying for the other necessary approvals for the Development Project including Building Plan approval from the relevant authorities.

This announcement is dated 19 November 2021.






Announcement Info

Company Name TAFI INDUSTRIES BERHAD
Stock Name TAFI
Date Announced 19 Nov 2021
Category General Announcement for PLC
Reference Number GA1-19112021-00033




Close