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GSH Corporation’s Joint Development Pact with Fujian Jinnan Lapses as Exclusivity Ends

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GSH Corporation’s Joint Development Pact with Fujian Jinnan Lapses as Exclusivity Ends

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An announcement from GSH ( (SG:BDX) ) is now available.

GSH Corporation has announced that the non-binding framework cooperation agreement between its subsidiary GSH Properties and Fujian Jinnan Construction Group for a potential joint property development has lapsed, after the parties failed to conclude definitive agreements within the agreed 50-business-day exclusivity period, resulting in automatic termination of the arrangement. Despite the end of this exclusivity and the termination of the agreement, the company maintains that it will proceed with its development plans for the project under its existing strategy and schedules, while advising shareholders and potential investors to exercise caution when dealing in its securities in light of current information.

More about GSH

GSH Corporation Limited operates through its wholly owned subsidiary GSH Properties Pte. Ltd. in the property development sector, focusing on real estate projects in line with its overall strategic development plans and timelines.

Average Trading Volume: 730,309

Technical Sentiment Signal: Buy

Current Market Cap: S$508.3M

See more insights into BDX stock on TipRanks’ Stock Analysis page.

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