Complex sentence: On May 16,2002, Raffles Hotels & Resorts Limited and Hotel Okura Co Ltd signed a Memorandum of Understanding for a strategic alliance., through which both parties will discuss and explore business opportunities and joint marketing and promotion activities.
Split into simpler sentences: On May 16,2002, Raffles Hotels & Resorts Limited and Hotel Okura Co Ltd signed a Memorandum of Understanding for a strategic alliance. Under this strategic alliance, both parties will discuss and explore business opportunities and joint marketing and promotion activities.