Denarau Central Foreshore Investment Opportunity
Marketing Bundle
Re : “DENARAU ISLAND” RGL Development Projects
Re : Denarau-Central State Foreshore Lease
The “RGL” is a private company (formed and registered on the 9th day of May 2019), its Founding Director & Board Chairman is the Na MOMOLEVU na TUI NADI Ratu Vuniyani Navuniuci, who had applied for the said State Foreshore Lease (Official Fiji Revenue Receipt# 279973) dated the 5th February 2019 and was advised by the Director Lands on the 24th October 2019 to submit “Funding Sources” for the proposed developments on the same.
Unfortunately, a Pandemic swept over the country causing financial mayhem on businesses.
COVID PANDEMIC
Since our Nation was severely affected by the COVID PANDEMIC, we have had difficulties in getting “FINANCIAL FUNDERS”, so the Directors and Shareholders of RGL through “collective efforts” have managed to obtain the following:
TO DATE
The RGL Board have obtained its FIA (Fishing Impact Assessment) & FRW (Fishing Rights Waiver) under a “Collective Agreement” with the Heads of the Yavusa’s of the Landowning Units NADI which was conducted and endorsed at the Roko Nadi’s Chambers on 12th May 2020.
TO DATE (the 14th day September 2021) the RGL Board is confirmed that we will be given said Land Parcel of 100 acres State Land which the MOMOLEVU have applied for, as aforementioned, to be demarcated and surveyed, for RGL Development Projects and these hard work were managed through our own means “without any financial assistance” from any funders.
RGL COMPANY VALUE
Since RGL have managed to achieve its objectives to date, “without any financial assistance or commitment from any Funders”, our Company at a value of a $35million Dollars, will welcome any interested Funder to buy off 50% of our current Shares ($17.5million) ormore and become our Major Shareholder on 130 Acres.
THE VALUE OF SEVEN (7) ACRES ON DENARAU ISLAND IS A MINIMUM OF F$15MILLION. WE WILL HAVE 130 ACRES !!!!
ATTACHMENTS
Attached are the completed processes of FIA & FRW as mentioned above and the current process of getting the Foreshore Land Parcel demarcated is almost completed so this meeting between ourselves (Messrs MOMOLEVU TUI NADI – RGL BOARD CHAIRMAN, Waisea Tuinacau RGL Board Secretary & your goodself) will ascertain whether or not your Company will be in a financial position to become our Major Shareholder/Partners in order for you to hold, control and administer the business projects on Denarau-Central.
Having stated the above, being in a partnership and based upon the completion of the Survey Plans, Valuation, INVESTOR/RGL Scheme Plans, Environment Impact Assessment and Concept Plans, etc… RGL is holistically willing to offer your good company, purchase outright hundred (130) acres of the land in discussions for a total price of thirty-three million dollars (F$35M).
The said purchase will only be applicable and valid through a memorandum of agreement (MOA) and or a memorandum of understanding (MOU) and or both between Investor and RGL.
Subsequent to the latter, the foreshore beachfront has six islets which accumulate to thirty (30) acres of native owned properties whereby the landowning units have already acquired a lease title.
If the investor agrees to purchase the thirty acres from the Fijian landowning unit where a MOU will also be undertaken, the purchase price will be thirty-five million dollars ($35M) in totality for the full ownership of the one hundred and thirty (130) acres by investor. Given the latter, this will provide your good company the full practical and theoretical support inclusive of the genuine understanding between the land-owning unit and your company.
As stated herein, the Investor will have to accommodate RGL seventeen and half million dollars (F$17.5M) in advance to holistically cater for all the remaining legal processes and procedures and requirements which RGL will prioritize.
Upon completion all the legal processes and procedures inclusive of all requirements pertaining the acquirement of the said land and upon the receipt of title, RGL/INVESTOR will further discuss the operations and administrative functions which will be carried out by your good company.
Please note, that all operational, administrational and transactions will be accommodated forthwith by the RAGIVOU TRUST
Please refer to the Ministry of Lands checklist attached herein and annexed as ANNEXURE 1.
Secure your commitment in buying our 50% share of FJ$17.5 Million as soon as practicable before the Land Title comes into our possession.
We now look forward to an amicable partnership proposal and hope that the ’Objectives and Vision” of the MOMOLEVU na Tui Nadi becomes fruitful as stipulated in his disclosed Letter dated the 2lst May 2019. PLEASE REF ATTACHED !!!.
Waisea Tuinacau
Secretary
Ragivou Group Pte. Ltd