Astaka Holdings Ltd. (SG:42S) has released an update.
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Astaka Holdings Ltd. has made a strategic move by signing a term sheet for a joint venture to develop a residential serviced apartment project on a parcel of land in Johor Bahru, Malaysia. This venture involves its subsidiaries and is set to proceed with definitive agreements, subject to shareholder approval due to its classification as a ‘discloseable transaction’. The deal marks an expansion of the company’s property development portfolio in the region.
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