Entry Into Off Take Agreement For Airtrollis Phase 3/ 爲Airtrollis三階工程簽訂承購協議
The Board of Directors (the “Board”) of Regal International Group Ltd. (the “Company” and together with its subsidiaries, the “Group”) wishes to announce that the Company has, through its wholly-owned subsidiary, Bellanova Sdn Bhd (the “Developer”), on 30 December 2016 entered into a conditional off take agreement (the “Off Take Agreement”) for the sale of all 276 units of strata titled residential apartments (the “Residential Units”) (excluding all commercial units) to be erected for phase 3 of its “Airtrollis” property development project (the “Project”), with MyAngkasa Bina Sdn. Bhd. (the “Purchaser”).
Located in Negeri Sembilan, Malaysia, the Project comprises three blocks of residential and commercial units over a land area of approximately 6.2 acres. The Purchaser is obliged to market and sell the Residential Units according to the Off Take Agreement, or purchase all unsold units upon project completion, for an aggregate total value of approximately RM90 million. Subject to the conditions being met, the Project construction and sales is expected to commence in 2017 and targeted for completion by 2020.
Regal International Group Ltd. (簡稱“公司”及旗下所有子公司統稱“集團”) 的董事會僅此宣布其全資子公司Bellanova Sdn Bhd (簡稱“開發商”) 於2016年12月30日與Myangkasa Bina Sdn. Bhd. (簡稱“買家”) 為銷售物業開發項目“Airtrollis”之第三階段工程 (簡稱“項目”) 的所有276個分層地契住宅公寓單位 (簡稱“住宅單位”) (商業單位除外) 簽訂條件承購買賣協議 (簡稱“承購協議”) 。
位於馬來西亞森美蘭州，該項目占地約6.2英畝，涵蓋三棟住宅與商業單位。依據承購協議，買家將負責所有住宅單位之銷售，並於項目完成時將未售出之單位全部買下，總值約RM 90 百萬。在符合條件的情況下，項目之工程與銷售均將自2017年開始並預計於2020年竣工。
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