News Center

Kirin Financial Group’s Strategic Collaboration on Impression City, Melaka

17
01-2018

 

 

Yong Tai Berhad successfully convinced Impression China to produce its first international show outside the country, in Melaka, Malaysia.  Aptly named Impression Melaka, the city will be the first location outside China to stage the spectacular show. The project “Impression City” was born from the concept of Impression Melaka, is an over 5,000,000 square feet integrated mixed development in Melaka with an estimated implementation time of ten years. The development will include hotels, serviced apartments, commercial complexes, office towers, DIY experience centres, educational and wellness facilities, retail and shopping centres and a yacht club with gross development value of RM7 billion.

 

A heads of agreement was signed between Yong Tai's subsidiary, YTB Impression Sdn Bhd, and Kirin Financial Group Ltd, an arm of Hong Kong-listed Kirin Group Holdings Ltd, for a lead arrangement of not less than RM400 million in development projects within Impression City. The agreement was signed by the director of YTBI, Datuk Wira Boo Kuang Loon and CEO of Kirin Financial Group, Mr Justin Ng.