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Autagco Extends Exclusivity Period for Regional Hospitality Joint Venture with r+

Story Highlights
  • Autagco signs a non-binding term sheet with r+ to manage up to 15 hospitality projects across five Asian countries.
  • The parties have extended the exclusivity period to 9 April 2026 to finalise definitive agreements for the proposed joint venture.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Autagco Extends Exclusivity Period for Regional Hospitality Joint Venture with r+

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The latest update is out from Autagco Ltd. ( (SG:1D3) ).

Autagco Ltd. has entered into a non-binding term sheet with r+ Pte. Ltd. to form a joint venture management company that will operate and manage up to 15 hospitality projects across Singapore, Malaysia, Thailand, Vietnam and Japan, each to be developed by separate third-party project companies. The parties have agreed to extend the exclusivity period for negotiating and signing the definitive joint venture and related agreements to 9 April 2026, providing additional time to finalise the structure and terms of the partnership, which could shape Autagco’s expansion into the regional hospitality management space and influence future opportunities for its investors and stakeholders.

More about Autagco Ltd.

Autagco Ltd., incorporated in Singapore, operates as a holding company for a group of subsidiaries, though the specific industry and core products or services are not detailed in the announcement.

Current Market Cap: S$5.21M

Learn more about 1D3 stock on TipRanks’ Stock Analysis page.

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