[ET Net News Agency, 31 December 2019] Guoco Group Limited (00053) said its subsidiary
GLL D has entered into JV agreements with Intrepid, HRPL and, the respective project
companies, namely, MTG Apartments and MTG Retail. The shareholders agreed to jointly
participate in the acquisition and development of the land in the agreed JV proportion.
MTG Apartments and MTG Retail are joint venture project companies to undertake the
project, including among other things, the completion of the acquisition of the land and
the proposed development of the land into a luxury condominium with commercial at the
first storey. The total funding commitment of GLL D is SGD170 million.
The land is in Tan Quee Lan Street of Singapore with a site area of 11,530.8 square
metres. (RC)
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00053 GUOCO GROUP
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70.050 -0.450 (-0.638%) Others
31/12/2019 10:52
Guoco Group (00053) unit to participate in condo project
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