Peninsula Land Approves Material Related Party Transaction for Residential Project Development
The Board of Directors of Peninsula Land Limited approved a material Related Party Transaction (RPT) following its meeting on July 14, 2026. The transaction involves Mr. Jaydev Mukund Mody and/or entities related to or nominated by him (collectively referred to as "JMM").The approval was granted subject to the subsequent approval of the shareholders of Peninsula Land Limited. This material RPT pertains to the end-to-end development and management by the Company of a residential project. The property intended for this development is owned by JMM, and the transaction will proceed on terms and conditions mutually agreed upon by both parties while adhering to applicable laws.
The details concerning the proposed material Related Party Transaction(s) are scheduled to be furnished to the shareholders in the notice convening the upcoming Annual General Meeting (AGM). This provision aims to secure shareholder approval for the deal.
The Board meeting, which was held on July 14, 2026, commenced at 04:30 P.M. and concluded at 04:46 P.M.
PENINLAND Stock Price Movement
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