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GSH ( (SG:BDX) ) has shared an update.
GSH Corporation Limited, through its subsidiary GSH Properties Pte. Ltd., has entered into a non-binding framework cooperation agreement with Fujian Jinnan Construction Group Co., Ltd. The agreement involves Fujian Jinnan’s proposed subscription of shares in Peninsular Holdings Pte. Ltd., which holds a significant stake in Aspirasi Kukuh Sdn. Bhd., the legal owner of a land parcel in Kuala Lumpur’s Chinatown area. The collaboration aims to develop the land into serviced suites, with Fujian Jinnan potentially acquiring a 20% to 35% shareholding in Aspirasi Kukuh Sdn. Bhd., subject to further negotiations and definitive agreements.
More about GSH
Average Trading Volume: 148,788
Current Market Cap: S$325.6M
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