January 21, 2018 10:00 PM ET

Food Products

Company Overview of YPJ Plantations Sdn. Bhd.

Company Overview

YPJ Plantations Sdn. Bhd. owns and operates palm oil plantations. The company is based in Kota Tinggi, Malaysia.

KM 17, Jalan Kulai-Kota Tinggi

Locked Bag 510

Kota Tinggi,  81900

Malaysia

Phone:

60 7 897 6586

Fax:

60 7 897 6586

Key Executives for YPJ Plantations Sdn. Bhd.

YPJ Plantations Sdn. Bhd. does not have any Key Executives recorded.

YPJ Plantations Sdn. Bhd. Key Developments

Biz Bina Development Sdn Bhd and YPJ Plantations Sdn. Bhd. Enter into a Joint Development Agreement

The Board of LBS Bina Group Berhad announced that its indirect subsidiary, Biz Bina Development Sdn Bhd ("BBDSB") had on 8 March 2017 entered into a Joint Development Agreement ("JDA") with YPJ Plantations Sdn Bhd for the proposed development project on a piece of leasehold land with the total land area measuring approximately 541.4 acres held under part of the master title Pajakan Negeri No Hakmilik 57334 Lot 22825 (known as HSD 28627 PTD 10202) in Mukim of Ulu Sungai Johor, District of Kota Tinggi, in the state of Johor. The Development Land is located in Mukim Sg Tiram, Daerah Kota Tinggi under the administration of Majlis Daerah Kota Tinggi and is near to townships such as Kulai, Senai, Kota Tinggi and Bandar Tenggara. It is about 46km from Johor Bahru town and approximately 29km from Senai International Airport. The Development Land is easily accessible from Kulai town or Kota Tinggi town via Jalan Kulai-Kota Tinggi. Salient Terms of the JDA: The Landowner shall be entitled to 7.5% of the GDV of the Proposed Development or minimum guaranteed sum of MYR 194,904,000.00 only.

LBS Bina Group Berhad and YPJ Plantations Sdn. Bhd. to Jointly Develop 219-Hectare Leasehold Land in Kota Tinggi

LBS Bina Group Bhd and YPJ Plantation Sdn Bhd are set to jointly develop a 219-hectare leasehold land in Kota Tinggi, Johor with a gross development value of RM2.6 billion. LBS was entering the venture via its indirect unit, Biz Bina Development Sdn Bhd, which has entered into a joint development agreement with YPJ Plantation. The development of the land, about 46 kilometres from Johor Bahru town and approximately 29 kms from Senai International Airport, would take over eight to 10 years. This JDA fits into the group property development strategy in enhancing its portfolio in township development and further strengthen its presence by allowing capitalisation of its branding Johor. The JDA would also enable the group to participate in viable development project without having to bear the substantial upfront cost of acquiring land the proposed development, which mainly targeted at medium- to medium-high income groups, was expected to create greater economic value and positive earnings potential for the group in the medium to longer term.

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