Entry Into Memorandum Of Understanding / 簽訂諒解備忘錄
The Board of Directors of Regal International Group Ltd. (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that Regal International Investments Pte. Ltd. (“Regal International Investments”), a wholly-owned subsidiary of the Company, has on 25 November 2015 entered into a non-binding memorandum of understanding (“MOU”) with Longrunn Int’l (Korea) Limited (“LRI Korea”).
LRI Korea is a company incorporated under the laws of the British Virgin Islands and has its address at 263 Central-ro, Yeonsu-gu, Incheon, Republic of Korea. As at the date of the MOU, LRI Korea has informed the Group that it is entitled to a right to acquire and develop certain land parcel lots located in Midan City within the Incheon Free Economic Zone of Korea (the “Land Lots”) and that it is intended for the Land Lots to be developed into a residential, commercial and tourism complex (the “Project”).
In connection with the MOU, the Group and LRI Korea intend to explore entering into a strategic cooperation wherein the Group will participate in the Project. The MOU allows the Group to work with LRI Korea to gain access to and achieve synergies in respect of the intended development of the Project. The parties will discuss and enter into definitive agreement(s) in respect of the abovementioned transaction in due course. The term of the MOU is for a period of three months from the date of the MOU.
Regal International Group Ltd.（簡稱“公司”及旗下所有子公司統稱“集團”）的董事會僅此宣佈其全資子公司Regal International Investments Pte. Ltd. 耀傑國際投資私人有限公司 (簡稱 “耀傑國際投資”) 已於2015年11月25日與Longrunn Int’l (Korea) Limited 郎潤國際（韓國）有限公司 (簡稱 “郎潤韓國”) 簽訂不具法律約束力的諒解備忘錄 (簡稱“諒解備忘錄”) 。
郎潤韓國爲一家根據英屬維京群島法律註冊成立的公司，辦事處於韓國仁川延壽區中央路263號（263 Central-ro, Yeonsu-gu, Incheon, Republic of Korea）。於諒解備忘錄簽訂日，郎潤韓國告知集團它已取得位於韓國仁川自由貿易區内美緞新城 (Midan City)中某些土地段(簡稱“土地段”)的所有權及開發權，且該土地段將被開發爲住宅、商業及旅游園區(簡稱“項目”)。
依據諒解備忘錄，集團將與郎潤韓國探討建立戰略性合作關係，讓集團可參與該項目。諒解備忘錄將促使集團通過與郎潤韓國的合作，涉入項目的預期發展並實現協同增效。各合作方將就上述交易進行協商，並適時簽訂最終協議。該諒解備忘錄的期限是從簽訂諒解備忘錄之日起，為期三個月。
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