Signing of the Memorandum of Understanding between SCHB Engineering Services Sdn Bhd and Smiths Gore Sabah

SCHB Engineering Services Sdn Bhd (SCHB Engineering) had signed a Memorandum of Understanding (MOU) with Smiths Gore Sabah (Smiths Gore) on the 30th July 2015. Smiths Gore is chartered property surveyor, valuer and estate agent and has the technical expertise and the appropriate license to participate in large scale property management.

The objective of the MOU is to set out the basis for corporation and collaboration between the parties in relation to property management where Smiths Gore with their technical experience in property management and consultant act as an advisor to SCHB Engineering on matters regarding to the property management and consultation of the Jesselton Quay Project, a Joint Venture Development between SURIA and SBC Corporation Berhad and any other development owned by SURIA. Apart from exploring other potential related business, the purpose of the MOU is to provide training for the staff of SCHB Engineering in property management.

The MOU shall take effect from the date of 30th July 2015 and shall be valid until the execution of a formal agreement(s) or unless otherwise terminated in accordance with the terms of the MOU.

30 July 2015