News

Incorporation of a new subsidiary, PREMAS (Middle East) Pte. Ltd.

Back31 Mar 2005

Further to the announcement made on 30 January 2004 relating to the joint venture between its indirect wholly-owned subsidiary, PREMAS Investments Pte Ltd ("PREMAS Investments"), and Tricon Global General Contracting and Maintenance ("Tricon") in the United Arab Emirates, other Gulf Cooperation Council States and Turkey ("Territory"), the Board of Directors of CapitaLand Limited wishes to announce that PREMAS Investments has entered into a joint venture agreement with its existing joint venture partner, Tricon, to establish PREMAS (Middle East) Pte. Ltd. ("JVC"), a limited liability company to be incorporated in Singapore. The JVC shall be capitalised at S$50,000 to be held in equal shares by both Tricon and PREMAS Investments.

The JVC shall serve as a vehicle to further extend its integrated facility management business with Tricon in the Territory by providing a platform to manage new facility management assignments in the Middle East.

By Order of the Board

Tan Wah Nam

Company Secretary

31 March 2005


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  1. CLAnnc31032005.pdf (Size: 48,086 bytes)