OTHERS AXTERIA GROUP BERHAD (f.k.a. Acoustech Berhad) ("AXTERIA" or "Owner") -Letter of Intent ("LOI") entered into between Far East Hospitality Management (S) Pte. Ltd. and the wholly owned subsidiaries of AXTERIA namely, Axteria Assets Sdn. Bhd. (f.k.a. TE Hotel Sdn. Bhd.) and Axteria Eco Sdn. Bhd. (f.k.a. Teras Eco Sdn. Bhd.)
| AXTERIA GROUP BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | AXTERIA GROUP BERHAD (f.k.a. Acoustech Berhad) ("AXTERIA" or "Owner")
-Letter of Intent ("LOI") entered into between Far East Hospitality Management (S) Pte. Ltd. and the wholly owned subsidiaries of AXTERIA namely, Axteria Assets Sdn. Bhd. (f.k.a. TE Hotel Sdn. Bhd.) and Axteria Eco Sdn. Bhd. (f.k.a. Teras Eco Sdn. Bhd.) |
|
The Board of Directors of AXTERIA wishes to announce that AXTERIA had on 15 October 2021 signed a non-binding Letter of Intent (“LOI”) with FAR EAST HOSPITALITY MANAGEMENT (S) PTE. LTD. (“FEH” or “Operator”) expressing its intent in managing the hotel and serviced suites located in Kota Laksamana, Melaka, Malaysia (the “Properties”) vide the projects currently undertaken by the wholly-owned subsidiaries, Axteria Assets Sdn. Bhd. (encompassing a 16-storey development building with 241 hotel rooms) and Axteria Eco Sdn. Bhd. (encompassing a 44-storey development building with 306 service suites), both proposed to be managed under the FEH brands.
For futher details please refer to the attachment.
This announcement is dated 15 October 2021. |
|
Please refer attachment below.
Announcement Info
| Company Name | AXTERIA GROUP BERHAD |
| Stock Name | AXTERIA |
| Date Announced | 15 Oct 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15102021-00015 |