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Landmarks arm incorporates Indonesia unit

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Landmarks arm incorporates Indonesia unit Empty Landmarks arm incorporates Indonesia unit

Post by hlk Mon 09 Jan 2012, 02:09

Landmarks Bhd's indirect wholly-owned subsidiary, Tiara Gateway Pte Ltd,
has incorporated a subsidiary, PT Prime Villa Investment (PTPVI) in
Indonesia on December 23, 2011.

In a filing to Bursa Malaysia today, the company said the subsidiary, with a
paid-up
capital of US$1 million (US$1=RM3.14), was formed via Tiara Gateway's
Singapore subsidiaries, Prime Lagoon Pte Ltd (PLPL) and Prime Villa Pte
Ltd (PVPL).

PLPL owns 75 per cent while PVPL holds 25 per cent of the paid-up capital
of the new subsidiary whose principal activity is to develop, sell and manage
and operate serviced villas. -- Bernama
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