Investor Relations

The Company wishes to announce that its wholly owned subsidiary, EASTERN BISCUIT FACTORY SDN BHD (“EBF”), the owner of the hotel operating under the brand name “The Renaissance Kota Bharu Hotel” (“Hotel”), have on 30 November 2017 entered into a Termination Agreement with the following parties and mutually agreed to terminate the Hotel Management Agreement, the associated International Services Agreement and the License and Royalty Agreement (“Termination”):

i)        Luxury Hotels International Management Company B.V. (Malaysia Branch), the Manager of the Renaissance Kota Bharu Hotel; and

ii)       Global Hospitality Licensing S.A R.L. the Proprietor of International Services and the License and Royalty associated with the Renaissance brand name.

In conjunction with the Termination, the Hotel will be rebranded as The Grand Renai, an in house brand with effect from 01 December 2017 (“Rebranding”). 

Please refer to the attachment for further details. 

This announcement is dated 30 November 2017.