Low Keng Huat Singapore Ltd (SG:F1E) has released an update.
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Low Keng Huat (Singapore) Limited, through its wholly owned subsidiary Huatland Development Pte. Ltd., has partnered with Kheng Leong Company’s subsidiary to form Peak Crescent Pte. Ltd., a joint venture for real estate development. The newly incorporated entity, with a modest initial share capital, becomes an indirect associated company of Low Keng Huat. This strategic move is expected to be non-material in terms of net tangible assets and earnings for the current financial year.
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