http://announcements.bursamalaysia.com/EDM...Icon%20City.pdf

General Announcement
Reference No MS-111028-42693

Company Name : MAH SING GROUP BERHAD
Stock Name : MAHSING
Date Announced : 02/11/2011

Type : Announcement
Subject : MEMORANDUM OF UNDERSTANDING

Description : MAH SING GROUP BERHAD (“MAH SING” OR “COMPANY”)

MEMORANDUM OF UNDERSTANDING BETWEEN SIERRA PENINSULAR DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND CENTRAL PATTANA PUBLIC COMPANY LIMITED, THAILAND

Attachments : MOU retail mall @ Icon City.pdf


Announcement Details/Table Section :

The Board of Directors of Mah Sing (“Board”) wishes to announce that its wholly-owned subsidiary, Sierra Peninsular Development Sdn Bhd (“Sierra Peninsular”), had on 2 November 2011, entered into a memorandum of understanding (“MOU”) with Central Pattana Public Company Limited (“Central Pattana”). Both parties have preliminarily agreed in principle to exchange general information for the purpose of jointly studying the potential investment of developing and managing a shopping mall (“Mall”) located within Icon City through a joint venture and/or partnership.

Icon City in Petaling Jaya is developed by Sierra Peninsular and is Mah Sing Group’s flagship commercial project with an estimated gross development value of RM3.2billion. The integrated development comprises shop offices, retail lots, small office versatile offices and serviced residences in Phase 1, as well as the Mall, hotel, serviced residences, boutique offices and corporate office towers in Phase 2.

Please refer to the attachment for details of the MOU.

This announcement is dated 2 November 2011.

next developments in PJ will take this as benchmark soon