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Astaka Holdings Ltd. ( (SG:42S) ) has shared an announcement.
Astaka Holdings Limited has announced a RM1.2 billion mixed-use development project, which includes a lifestyle retail mall adjacent to its upcoming residential skyscraper, Arden @ One Bukit Senyum. The company has formed a strategic partnership with CapitaLand Investment Limited to guide its retail strategy, marking a significant step in the development of Phase 3 of the One Bukit Senyum project. This phase, along with the previously announced Arden development, contributes to a total GDV of RM2.1 billion, with the entire One Bukit Senyum project estimated at RM3.6 billion. The partnership is not expected to materially impact the company’s net tangible assets or earnings per share.
More about Astaka Holdings Ltd.
Astaka Holdings Limited is a leading integrated property developer based in Johor, Malaysia. The company focuses on large-scale mixed-use developments and is known for its significant projects in the region. It collaborates with global partners to enhance its market offerings.
Technical Sentiment Signal: Sell
Current Market Cap: S$84.12M
Find detailed analytics on 42S stock on TipRanks’ Stock Analysis page.