Bangkok--16 May--Central Pattana
Kobchai Chirathivat (Left) Chief Executive Officer at Central Pattana Public Company Limited (CPN), Thailand’s leading retail property developer and Tan Sri Datuk Lim Kim Hong (Right) Executive Chairman at I-Berhad, Malaysia’s leading property developer signed a Letter Agreement to show its desire to sign a joint venture agreement with I-City Properties Sdn Bhd (ICP), an I-Berhad wholly-owned subsidiary, to establish a joint venture, in which ICP will hold a forty-percent (40%) stake and CPN through its local subsidiaries will hold a sixty-percent (60%) stake. The Joint Venture will develop a RM 580-million or around THB 5.8-billion regional shopping mall at i-City, at Section 7, Shah Alam, Selangor Darul Ehsan.
The Letter Agreement signing ceremony was held at i-Gallery@i-City, Shah Alam, Selangor Darul Ehsan.