Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,183.26 -22.20 -0.69%
Hang Seng 27,657.24 -130.37 -0.47%
Dow Jones 25,877.33 +197.43 +0.77%
Shanghai Composite 2,905.97 +35.36 +1.23%
Ho Hup In JV For Kota Kinabalu Project
  • Ho Hup Construction‘s 75 percent-owned Ho Hup KK (HHVKK) will undertake a mixed-development project in Kota Kinabalu with a gross development value (GDV) of RM774 million.
  • HHVKK will participate in the project after signing an agreement to buy a 70 percent stake in Golden Wave for RM30 million.
  • Ho Hup states that the acquisition will add to its existing land bank of 2.8 acres and 50-acre JV development land in Bukit Jalil City with Pioneer Haven.

Significance: The proposed acquisition is in line with the group’s strategy to carry out development projects in strategic locations with high development value.

Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.