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Monday, February 18, 2008

Company Announcement: Berjaya Land Berhad

ACQUISITION OF 100% STAKE IN FABER LABUAN SDN BHD WHICH HAS 70% INTEREST IN VIMAS JOINT VENTURE COMPANY LIMITED, OWNER OF SHERATON HANOI HOTEL AND TOWERS, HANOI CITY, VIETNAM FOR A CASH CONSIDERATION OF USD68.22 MILLION ("ACQUISITION"). This is in reference to our earlier announcements dated 10 December 2007, 17 January 2008 and 18 January 2008 in relation to the Acquisition.The Board of Directors of Berjaya Land Berhad is pleased to announce that the Acquisition is completed today.

(KLSE 18-2-2008)