14-08-2018, 04:39 PM
Master Franchise Agreement with PropNex Realty (Vietnam) Company Limited
PropNex Limited announced that the Company’s wholly-owned subsidiary, PropNex Realty Pte. Ltd. (the "Franchisor"), had on 14 August 2018 entered into a Master Franchise Agreement with PropNex Realty (Vietnam) Company Limited (the "Franchisee"), pursuant to which the Franchisee is appointed as a Master Franchisee of the Franchisor in Vietnam to establish, manage and operate PropNex franchise agency offices under the Trade Marks and franchise in Vietnam in accordance to the terms and conditions set out in the Agreement.
The entry into the Agreement is in line with the Group’s regional expansion plans; the Group hopes that through this franchise arrangement, it can strengthen its market position, value-add and expand into Vietnam. The Agreement is for an initial term of ten (10) years commencing from 14 August 2018, and may be renewed for a further ten (10) years subject to the fulfilment of the conditions as stipulated in the Agreement.
More details in :
1. http://infopub.sgx.com/FileOpen/PNL-Mast...eID=521460
2. http://infopub.sgx.com/FileOpen/PNL-Pres...eID=521461
PropNex Limited announced that the Company’s wholly-owned subsidiary, PropNex Realty Pte. Ltd. (the "Franchisor"), had on 14 August 2018 entered into a Master Franchise Agreement with PropNex Realty (Vietnam) Company Limited (the "Franchisee"), pursuant to which the Franchisee is appointed as a Master Franchisee of the Franchisor in Vietnam to establish, manage and operate PropNex franchise agency offices under the Trade Marks and franchise in Vietnam in accordance to the terms and conditions set out in the Agreement.
The entry into the Agreement is in line with the Group’s regional expansion plans; the Group hopes that through this franchise arrangement, it can strengthen its market position, value-add and expand into Vietnam. The Agreement is for an initial term of ten (10) years commencing from 14 August 2018, and may be renewed for a further ten (10) years subject to the fulfilment of the conditions as stipulated in the Agreement.
More details in :
1. http://infopub.sgx.com/FileOpen/PNL-Mast...eID=521460
2. http://infopub.sgx.com/FileOpen/PNL-Pres...eID=521461
Specuvestor: Asset - Business - Structure.