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August 27, 2015 4:49 PM ET

Real Estate Management and Development

Company Overview of Scanwolf Properties Sdn. Bhd.

Company Overview

Scanwolf Properties Sdn. Bhd. offers real estate property development and investment holding services. The company was incorporated in 2011 and is based in Malaysia. Scanwolf Properties Sdn. Bhd. operates as a subsidiary of Scanwolf Corporation Berhad.

,  

Malaysia

Founded in 2011

Key Executives for Scanwolf Properties Sdn. Bhd.

Scanwolf Properties Sdn. Bhd. does not have any Key Executives recorded.

Scanwolf Properties Sdn. Bhd. Key Developments

Scanwolf Properties Sdn. Bhd. Enter into Supplemental Joint Venture Agreement with Scanwolf Development Sdn Bhd

The Board of Directors of Scanwolf Corporation Berhad announced that Scanwolf Properties Sdn. Bhd. had on 5 January 2015 entered into a supplemental joint venture agreement (the supplemental JVA) with SDSB (the developer) for the variations to the JVA as follows: the land owner’s entitlement from the project shall be changed from 20% to 60% with effect from 5 January 2015; and the land owner shall be entitled to appoint (at the cost of the developer) any consultant, advisor or other professional who the land owner deems fit for the project and such costs incurred shall be borne solely by the developer. The increase to the land owner’s entitlement from 20% to 60% was justified for the land owner is the registered owner to the five hundred and eleven (511) plots of land for the project and has been continually funding the development cost of the project where pursuant to the JVA, all the said cost should be borne solely by the developer instead.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 9, 2015
Scanwolf Development Sdn Bhd
 

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