Chuan Holdings Limited (HK:1420) has released an update.
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Chuan Holdings Limited has entered into a joint venture agreement with BuildStar to form a new company in Singapore, focusing on building construction projects including a major public project for SP PowerAssets. Each party will contribute S$5,000 in capital and S$1,000,000 in a shareholder’s loan to the venture, highlighting Chuan Holdings’ strategic expansion into the Singaporean construction market.
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