14 August 2019
Mr. Daniel Long, CEO of Olive Tree Estates Limited (OTE), spoke at the World Bank “Public Private Partnership for Affordable Housing” Workshop held in Jakarta, Indonesia on 14th August 2019. The event was very well attended by senior government officials and key business leaders. Mr Long’s panel session focussed on how a Public Private Partnership approach for Affordable Housing could work in Indonesia. He shared insights as to the social and affordable housing scene and business/regulatory conditions in emerging markets, as well as OTE’s integrated and holistic approach to social impact.
7 November 2019
From 4-7 November 2019, Olive Tree Estates (OTE) and the University of Labour and Social Affairs 2 (ULSA2) co-organized Social Work Training sessions for both the lecturers in ULSA2, as well as senior social workers, counsellors and lecturers in Vietnam. This is one of the objectives laid out in the Memorandum of Understanding and strategic partnership arrangement between ULSA2 and OTE. The trainings were conducted by 2 members of OTE’s Advisory Board for Social Impact and Senior Social Work Veterans in Singapore, namely:
- Mr John Ang, President of Fei Yue Community Services and Lecturer in the Social Work Department of the National University of Singapore (NUS)
- Mr Teo Tee Loon, Executive Director of Lakeside Family Services
The customized and dedicated training for ULSA2 lecturers was held on 4th November 2019, in the area of Social Work Curriculum Development. The remaining 3 days were for the training of senior social workers, counsellors and lecturers, specifically with respect to a strengths-based perspective to building communities (essentially how internal and external resources can be mobilized towards strengthening communities).
Training for ULSA2 Lecturers
The first day of training was conducted by Mr. Ang. The aim of the training was to provide clarity as to what the main considerations should be when deciding how to shape a university’s social work curriculum.
Mr. Ang began his session by showing the vision statements of some famous universities. What emerged was the emphasis placed on the pursuit of truth. Several universities of more recent origin have added the betterment of society as their goal. ULSA2 has couched its goals in terms of solving society’s problems. He concluded by stressing that a university education must cultivate the mind, nurture moral values and prepare students to contribute to society. Since, social work is a subject taught at the university, it must share the same objectives of its institutional base. In particular, social work education and training must embrace both grounding in relevant theory and training in the application of skills, especially relational and engagement skills. He pointed out the threefold connection of head, heart and hands adopted by Social Work Department he is affiliated to – intellectual rigour, compassion and skillful application of skills lie at the heart of social work practice.
Mr. Ang also invited the lecturers to consider what a competent social worker and what society should look like, and frame the social work curriculum towards achieving those goals. One of the lecturers shared that it was in her heart for the social work students to have a heart that cares deeply for others. She shared that students have been volunteering for community work outside ULSA2, but can do more to help staff and fellow students in ways which forge a greater sense of community within the campus, such as helping to erase a dirty blackboard before lecture, and opening the classroom door wider as the lecturer and students enter the classroom. Lecturers expressed interest in furthering discussions with regards to how to instil the ‘heart’ of social work, or character moulding, into the students’ lives.
The lecturers had internal discussions during the session, and largely agreed on 2 goals for ULSA2’s social work curriculum: to solve current and potential social issues, as well as equip students with knowledge and skills to do so. One of the lecturers shared that she gained a broader perspective from the training, and could appreciate some of the strengths of ULSA2’s social work curriculum, as well as some areas that could be further developed. She shared that it would be good if they provided students with more support towards social work research and practice, as it would help the students better apply the theories they learnt in class, as well as to take cultural context into consideration.
ULSA2 lecturers discussing about the ULSA2 Social Work Curriculum
In the second half of the session, Mr. Ang gave a breakdown of the components of a social work curriculum, including allocation of content into core and elective modules, designation of module content into reading and lesson plans, as well as how to teach and assess students better. Mr. Ang also shared his own stories and practical insights as to how students could be helped. There were further questions and discussion on the practicum section, as well as how to ensure students do their assigned readings.
This is but the first of many social work training sessions with the ULSA2 lecturers, and there will be ongoing opportunities to discuss with ULSA2 colleagues such incremental changes to the curriculum that might be advantageous, to reflect both Vietnamese characteristics and international trends in social work teaching.
Training for Senior Social Workers and Counsellors
The next 3 days, between 5th November 2019 – 7th November 2019, saw the training of senior social workers, counsellors and lecturers. Many of the participants were from various provinces, including the north and central provinces of Vietnam.
The session began with an opening ceremony. Both Dr. Pham Ngoc Thanh, Dean of ULSA2, and Mr. Daniel Long, CEO of Olive Tree Estates, gave their opening speeches. Both Dr. Pham and Mr. Long expressed their appreciation with respect to the strategic cooperation and partnership between ULSA2 and OTE, and welcomed the participants to the training.
Dr. Pham and Mr. Long delivering their opening speeches.
Day 1 of Training: Introduction to Community Development
The first day of training was conducted by Mr. Teo Tee Loon. Mr. Teo gave an introduction as to the various theories of community development, and explained that the common strand among these theories is to see and work with the communities through their strengths and resoures. More than just the theories, Mr. Teo also shared stories about how these theories were applied in Singapore, and opened up a discussion among the participants on which theories they have used in their own work, and what they could try to apply going forward.
The atmosphere was very lively. Many of the participants asked questions, and shared more about their work. One of the participants, Daisy, from Ibsen Tiny Stage, shared about how she encourages the people she works with to open up about themselves through puppet theatre, and lets the people figure out solutions for the challenges they face, with the use of some resources in the community.
Participants sharing their thoughts about the training, and asking questions.
Mr. Teo also explained the 6 types of resources that are available within the community, which are: individuals, associations, institutions, physical space, exchange and common culture, history and stories. Mr. Teo also explained the key to mobilizing these resources, which is the relationship with the key people who own the resources.
Day 2 of Training: Applications of Strengths-based Community Development Approach
On the second day, Mr. Teo shared 3 stories from Lakeside Family Service’s community development work that is based on the strengths-based approach. The communities in Singapore started out with residents living with problems in their neighbourhood, and some of them were angry and frustrated. However, as Lakeside staff catalyzed conversations between residents who were willing to do something about the problems, they saw that the residents were actively brainstorming for and discussing solutions together, and would later work together to solve the problems. The residents started to be more confident and empowered, and relationships between neighbours improved. Now, the group of residents are actively reaching out and helping their neighbours in areas such as childcare, emotional support and health needs. It was very encouraging for the participants to hear about how well communities can develop when residents believe that they and the community that they live in have the internal resources to tap on to improve the lives of those who live within the community.
One of the group discussion activities was for participants to identify their own strengths and resources, classifying them under ‘head’, ‘hands’ and ‘heart’, and seeing how they can tap on one another’s strengths for their work. The participants could see first hand the synergy and energy which could be garnered to help each other in their work, and by extension, how a community could benefit from such cooperation and intimacy.
Group discussions among the participants, as they listed down their passions and assets.
In the afternoon, Mr. Daniel Long shared about Olive Tree Estates and its strengths-based and integrated Social Impact offering, comprising affordable housing, early childhood education, primary healthcare and social services. For many participants, it was also the first time hearing about the socioeconomic and cultural context in Singapore, and critically, how the Singapore experience could offer insight as to the challenges and opportunities which a fast-urbanzing Vietnam might face in the future. They were excited to see that OTE, as a company which desires to be a positive force for good, has a heart towards community development in Vietnam, where increasing work pressures are putting a strain on the emotional health of individuals, family life and relationships within communities.
Day 3 of Training: Strengths and Resources in Family Life
The 3rd day of training was conducted by Mr. Ang and covered the applications of the strengths-based approach within the family. Mr. Ang started the session by sharing healthy expectations of family members toward one another, and the importance of taking and delegating responsibilities within the family. The purpose of the session was for the participants to get a better understanding as to some of the possible dysfunctions within the families they work with, and also tools to mobilize strengths within the family to rebuild healthy family dynamics. Mr. Ang also shared his personal insights concerning how best to manage the often complex dynamics that lie within parent-child relationships, spousal relationships, sibling relationships and in-law relationships.
In the second half of the session, Mr. Ang shared about some of the resources which family members can be encouraged to share with one another. One example is the sharing of warmth and trust through words and acts of love, which have a very meaningful effect on spousal relationships, as well as on the values that are inculcated in children as they grow up. Family members can use these strengths and resources towards fulfilling family responsibilities, and towards showing support to each other.
In the closing ceremony, Dr. Pham and Mr. Long gave their closing speeches to the participants. Afterwards, ULSA2 presented the gifts for the trainers, and the Certificates of Participation to all the participants.
Presentation of Certificates of Participation by the Trainers.
At the end of the presentation of certificates of training, there was also a gift exchange between Dr. Pham and Mr. Long, signifying the success of the first Social Work Training co-organized by both ULSA2 and OTE.
Many of the participants enjoyed the training tremendously, learning a great deal from the trainers, as well as making friends with like-minded and like-hearted people in the social services sector. Some of the participants expressed their interest to partner with OTE in the latter’s community development efforts in Vietnam, and mentioned that they are looking forward to the next training session.
18 May 2019 — On the 18th of May 2019, some members of the Olive Tree Estates team supported a Parenting Talk and Survey Exercise event. This teaching event, jointly organized by HOPE Kindergarten and the University of Labour and Social Affairs 2 (ULSA2), was undertaken as part of ULSA2’s research efforts to understand the demographics and needs of Vietnamese families living in social housing estates. The event was held in HOPE Kindergarten, and both the parents of the children, and residents from the surrounding Thanh Loc estate, were invited for the parenting talk. Our team played an integral role, supporting the logistics and setup of the event.
The Survey Exercise began with an engaging Student Volunteer Training Session for the ULSA2 students led by Mr. John Ang, the founder and President of Fei Yue Community Services. In this session, Mr. Ang shared his experience in research methodology in the area of social work, teaching students important survey skills such as interview skills and observation skills.
Armed with new skills and knowledge, the student volunteers began conducting their household surveys at the homes of some of the parents, under the supervision of university staff Ms. Ngan. Gift bags were prepared for the families who hosted the students and answered the surveys.
In a short conversation with the ULSA2 staff-in-charge, Ms. Ngan was glad that the undergraduates were given the opportunity to interact with the families through the survey. The interviewees shared about their lives and experiences as residents of the neighbourhood and families. Through this partnership exercise, we were able to glean useful insights to understand the various demographic profiles of families living in Ho Chi Minh City. The findings could also inform our future Community Services Offices and social impact work in Vietnam.
After the conclusion of the survey exercise, the parenting talk commenced, with very strong response from the 40 parents who registered for the event. As parents listened to the talk, HOPE Kindergarten teachers concurrently ran an arts and crafts session for the children, ensuring that both parents and children were well catered to.
The Parenting Talk was also conducted by Mr. Ang. Focusing on values-based parenting, Mr. Ang called for parents to understand their children better and identify desirable values for their children, whilst bearing in mind the paths their children could take in the future. Using creative illustrations close to the hearts of the Vietnamese audience, Mr. Ang was able to put across his point in a clear and engaging manner. The talk was concluded with a Question and Answer session, in which parents enthusiastically fielded their questions, receiving genuine and thoughtful advice from Mr. Ang, a parent himself.
After the talk, all in attendance were light-hearted and joyful, talking to the students, volunteers and with Mr. Ang himself. Many parents responded positively to Mr. Ang’s talk, and shared that they found the parenting talk very interesting and helpful, wishing to hear more from the speaker and looking forward to future talks.
As one of the first community engagement programmes that allowed us unique insight into the lives and concerns of the local residents, this experience has been a truly enriching experience for all participants. Moving forward with our social impact work, we will continue to strive for closer engagement with our beneficiary communities, leveraging upon this unforgettable experience.
24 April 2019 — Olive Tree Estates Ltd. held its Annual General Meeting on 24 April 2019. The directors of Olive Tree Estates Ltd. and about 20 shareholders were present for the AGM.
The AGM commenced with an introduction and welcome by Olive Tree Estates Chairman, followed by the passing of resolutions. The voting results were announced and all resolutions were passed smoothly.
After the AGM session ended, some of the shareholders stayed behind to have conversations with one another and with the Board Members.
Most of the shareholders left by 10.50am, concluding the company’s 2019 Annual General Meeting.
The Company is pleased to announce that the Company has signed a Memorandum of Understanding with ULSA2 (“MOU”), pursuant to which, OTE and ULSA2 have agreed to co-operate and collaborate as strategic partners in the areas of social work development, education and training through various projects in Vietnam and on ULSA2’s principal campus in Ho Chi Minh City, Vietnam (the “Projects”).
Specifically, OTE and ULSA2 desire to promote Excellence in Social Work Practice in ULSA2 with a long-term goal of growing ULSA2’s reputation as a university which is in the fore-front of establishing excellence and advancement in social work practice in Vietnam.
The shared objectives of the OTE and ULSA2 strategic partnership (the “Partnership”) will comprise
the following specifics:
- To curate an appropriate curriculum and offer such training as may be necessary under the
circumstances to enhance ULSA2’s staff and students’ knowledge in social work practice, skills and
insights in identified fields as agreed between OTE and ULSA2 (“Training Program”).
- ULSA2 will collate feedback and provide formal evaluation of the Projects and/or Training Program to OTE for documentation and follow-on analysis. OTE will adopt an ‘open-book’ philosophy with ULSA2 and will share all of its findings with ULSA2 once said analysis is completed.
- OTE and ULSA2 will commit to work towards establishing the “ULSA2-Olive Tree Estates Community Service Project Office” (“ULSA2OTECSC” or the “CSC”) as a model of excellence in social work practice and community development. Specifically, it is envisaged that the ULSA2OTECSC will implement the protocols, practices and philosophy behind the “Asset-Based Community Development” (“ABCD”) model. Whilst the ABCD model is a foreign approach to harnessing the value of community assets for the common good, ULSA2 and OTE are confident of interpreting and customising the model for local deployment in Vietnam.
- OTE and ULSA2 have a strong and shared belief that ULSA2OTECSC will be an excellent platform to introduce ULSA2 students, staff and visitors to the ABCD model and to allow for them to
experience first-hand the effectiveness of a community development model shaped on the ABCD
social impact philosophy.
- OTE will provide internship opportunities in its various community service centres for suitably qualified and committed social work undergraduate students in ULSA2. Such students must have a proven academic record and have expressed a firm interest to work in the non-profit sector. The internship program as envisaged will provide Interns with the opportunity to be exposed to social work field practice and programme evaluation.
- The Training Program will be principally tailored for experienced social workers, counsellors, social work teachers and relevant key practitioners, with particular emphasis on equipping those who are directly supporting the community outreach efforts of local Non-Government Organisations (“NGOs”) and Non-Profit Organisations (“NPOs”). OTE will provide the relevant specialists to train, equip and up-skill the above-mentioned social workers, counsellors, social work teachers and relevant key practitioners.
- ULSA2 shall work with OTE to share key social welfare and impact research by ULSA2 academics
that are translatable to programmes for local NGOs and NPOs with capacity.
About Olive Tree Estates Limited.
OTE is committed to curating and providing a holistic and integrated social impact solution comprising affordable housing, community-based assets, customised social services and various other quality amenities for the benefit of the masses in the regional emerging markets. We seek to serve all, regardless of race, language and religion and believe that the interests of our stakeholders and shareholders can be served by a Company which is underpinned by strong values, devoted to
sustainable business practices and driven by a desire to do as much good as it can for those in need.
If you would like to find out more about OTE’s unique social impact value proposition or would like to partner with us in one form or another, please contact our Director of Partnerships, Evangeline Goh at firstname.lastname@example.org
For media enquiries, please contact:
Chief Executive Officer
Olive Tree Estates Limited
(Regn no : 200713878D)
This news release has been reviewed by the Company’s sponsor, RHT Capital Pte. Ltd. (the “Sponsor”) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the “SGX-ST”). The Sponsor has not independently verified the contents of this news release.
This news release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this news release, including the correctness of any of the statements or opinions made or reports contained in this news release.
The contact person for the Sponsor is Mr Mah How Soon, Registered Professional, RHT Capital Pte. Ltd., 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619, Telephone (65) 6381 6757.
28 March 2019 — Olive Tree Estates and the University of Labour and Social Affairs Campus 2 (ULSA2) in Vietnam have signed a Memorandum of Understanding (MOU) to co-operate and collaborate as strategic partners in the areas of social work development in Vietnam, through various projects in training and education on ULSA2’s Ho Chi Minh City campus.
This partnership will promote excellence in social work practice in Ho Chi Minh City, by establishing ULSA2 as a university leading the advancement of social work professions in Ho Chi Minh City.
A key partnership objective is the future establishment of the ULSA2-Olive Tree Estates Community Service Project Office, or ULSA2-OTE CSC, as a model of excellence in social work practice and community development. Specifically, this Community Service Centre will apply the Asset-Based Community Development (ABCD) model to engage and build up the student body, giving them the opportunity to learn more about the communities around the campus and support them through the volunteer work.
To further support the student population, this collaboration also offers training and internship opportunities for outstanding social work undergraduates, along with experienced social workers and counsellors from local and international Non-Government Organisations (NGOs).
In addition, ULSA2 will collaborate closely with Olive Tree Estates to share key social welfare and impact research by ULSA2 academics that are translatable to programmes for local NGOs and NPOs with capacity.
17 March 2019 to 22 March 2019 — From the 17th of March 2019 to the 22nd of March 2019, a team of senior staff members from ULSA2 (Vietnam) visited Singapore to better understand social work practice locally. The delegates included Dr. Pham Ngoc Thanh, Director of ULSA2, Dr. Nguyen Minh Tuan, Head of the Social Work Department, and other senior staff from the Education and Training Division. During this eventful week, the team visited several social service centres in Singapore and learnt about the various social programmes and community initiatives offered locally.
Visit to the National University of Singapore (NUS) Social Work Department
The Vietnamese team began their week in Singapore with a visit to the NUS Social Work Department. There, NUS Associate Professor Irene Ng introduced the team to the social work scene in Singapore, the NUS Social Work Department and the academic programmes offered.
Dr. Thanh also shared about ULSA2 and the social work scene in Vietnam. The exchange proved beneficial for both schools, concluding with the exciting possibility of discussing future collaborations. Mrs. Ann Elizabeth Wee and Associate Professor S. Vasoo, the former Heads of the Social Work and Psychology Departments in NUS, joined in the meeting as well.
Visits to Fei Yue Community Services Centres and South Central Community Family Service Centre
Over the next few days, the ULSA2 team spent time visiting and understanding the work of the various community services in Singapore, including the Social Service Office (Taman Jurong), Fei Yue Early Intervention Centre for Children, Youth Go! Centre and Fei Yue Senior Activity Centre (Holland Close).
The staff at the various Fei Yue centres shared about the work of the centres and the communities they were helping. Whilst the ULSA2 team toured the centres, they learnt how the facilities available were designed to support the intervention programmes, a useful and eye-opening experience for the Vietnamese delegates. In addition, there were lively discussions on the social issues in Singapore and Vietnam.
At South Central Community FSC, the team were exposed to the Asset-Based Community Development model, a novel approach to social work contrasted with the Needs-Based Community Development model. Going beyond the establishment of a service centre, this model emphasises collaboration, cooperation and unity within a community to contribute diverse talents and strengths to help one another, an exciting new method in community building.
The delegates also joined the South Central Community FSC staff to visit some of the community areas within their service boundaries. This trip gave unique insight into South Central Community FSC’s outreach efforts, established upon the objective of building lasting relationships with each beneficiary.
By the end of the Singapore visit, the ULSA2 delegates left with a much more comprehensive understanding of the social work sector in Singapore, and the context of the MOU terms between ULSA2 and OTE.
We also would like to thank Fei Yue Community Services for graciously co-hosting the ULSA2 delegates and planning the visits to the various Fei Yue centres.
21 December 2018 — On the afternoon of 21st December 2018, members of our team and friends of Olive Tree Estates volunteered to support a Christmas event held in HOPE Kindergarten, a school within one of the social housing estates in Ho Chi Minh City.
Since the festivities of Christmas were soon approaching, our team aimed to bring joy to the children by supporting the kindergarten teachers, and making the Christmas event a successful and memorable one.
Art and Craft Sessions
For the art and craft session, the children were split into three groups according to their ages. Whilst the kindergarten teachers taught the children how to make the crafts, our team supported the teachers by providing guidance to the children who struggled with some steps. This helped the teachers and children enjoy themselves as the craft activities progressed smoothly.
By the end of the arts and crafts session, the children were very pleased with their colourful creations, and proudly displayed them to teachers, friends and team members.
After the art and craft sessions, we moved on to the main event – a half-hour puppet show put on just for the children. Some of the team members were involved in the puppet show, and worked hard to support it and bring joy to the children. Nearly two hours prior, team members painstakingly rehearsed backstage work scene by scene, striving to perfect each detail of execution. After much preparation, everyone was finally satisfied with the performance, and were ready for the children to watch and enjoy.
Soon after, the children began settling within the main hall for the main event, the hall packed with both students and teachers. Thanks to the hard work put in by both staff and team members, we managed to captivate and enthrall our audience, earning smiles and laughter.
Christmas Carols for the Children
To conclude the Christmas event, we sang Christmas carols with the children. As the kindergarten teachers and some of our friends sang Christmas carols together, many of the children were singing and clapping along with us, beaming with smiles.
In the spirit of Christmas cheer, we continued singing together after the event, as relatives came to bring the children home. Some children enjoyed themselves so much that they stayed on to play at the courts outside the school before heading home.
Though seemingly simple, this Christmas event brought joy to more than 40 children in the kindergarten at the social housing estate, a powerful reflection of our company’s mission to bring real impact to the lives of the masses. It was indeed heart-warming, seeing the children return home with joyful hearts and gladness.
You may download the 3rd Quarter Results here.
Mr Wong Lien Feng has resigned as the Chief Operating Officer to pursue other career interests. This information is also available at SGX
The board of directors of the Company (the “Board”) is pleased to announce that the Company and National Housing Organization Joint Stock Company (“NHO”) had on 1 October 2018 entered into a non-binding Memorandum of Understanding (“MOU”) which expresses the Company’s and NHO’s (collectively, the “Parties”) mutual understanding regarding the proposed initial acquisition and codevelopment of four projects in Ho Chi Minh City, Binh Duong, Ha Long and Hai Phong, Vietnam (“Initial Development Plan”).
If the acquisition of the land parcels, which are subject to the Initial Development Plan, is successful and all requisite permits and licenses are secured, the Initial Development Plan is likely to yield approximately 4,000 affordable homes and 500 commercial units in purpose-built mixed-developments (“OTNHO Mixed Developments”). The Parties intend for the OTNHO Mixed Developments to showcase and deploy the Company’s integrated social impact solution, comprising quality affordable homes and a suite of accessible and customised community services.
Under the MOU, as an established developer in Vietnam with an approximately seven-year track record of developing and selling approximately 6,000 homes across 11 sites in Vietnam, NHO will provide general management support for the Initial Development Plan. Such support will include the provision of project management, architectural and design, sales and marketing, finance and administration, human resource, legal and such other services as the case may be. The Company will second such management and technical personnel to Vietnam to assist NHO and provide such general strategic oversight as may be required from time to time and also assist NHO with the financing and securing of finance for the OTNHO Mixed Developments.
Apart from the Initial Development Plan, the Company and NHO are actively sourcing for other suitable development projects in Vietnam for the purposes of principally residential real estate development.
The Parties are currently still in further discussions and no definitive agreements in relation to the Initial Development Plan have been entered into at this stage. The Company will make further announcements to keep shareholders informed upon execution of the definitive agreements or as and when there are further material updates and developments in respect of the Initial Development Plan.
Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company. In particular, shareholders and potential investors should note that the Initial Development Plan is subject to the execution of definitive agreements. Persons who are in doubt as to the action they should take should consult their stockbrokers, bank managers, solicitors or other professional advisers.
Unless otherwise expressly defined herein, all capitalised terms in this announcement shall bear the same meanings ascribed to them in (i) the announcements made by the Company on 2 October 2017, 15 November 2017, 31 January 2018 and 29 June 2018 in relation to the Kempas Agreement (the “Announcements”); and (ii) the shareholders’ circular dated 15 November 2017 (the “Circular”) despatched by the Company to the Shareholders in respect of the Proposed Transactions.
Further to the Announcements, the Circular and the Company’s update to shareholders via its recently announced financial results for the financial period ended 30 June 2018, in relation to the Kempas Acquisition, the Board wishes to announce that the Company’s subsidiary, Tree Top Realty Sdn. Bhd. and Regal Sapphire Sdn Bhd are currently still in the process of fulfilling the conditions precedent set out in the Kempas Agreement. As such, Tree Top Realty Sdn. Bhd. and Regal Sapphire Sdn Bhd have on 11 September 2018, mutually agreed to extend the date for the fulfilment of the conditions precedent to 31 December 2018.
BY ORDER OF THE BOARD
Long Chee Tim, Daniel
CEO and Executive Director
11 September 2018
Click to download and read the full announcement here.