Figtree: Acquires A 8.89 Hectares High Tech Industrial Park Development Site In Changshu For RMB28.8 Million. 20 Mar 2014 09:50 Figtree Holdings Limited announced that Fervent Industrial Development (Suzhou) Co., Ltd, a 50-50 joint venture company held by Vibrant Properties Pte. Ltd. and its joint venture partner, has acquired a 88,917 square metre, approximately 8.89 hectares, prime High Tech Industrial Park development site with a total estimated gross floor area of approximately 67,405.04 sqm in Changshu High Tech Industrial Park, CEDZ, Jiangsu for RMB 28,849,120 or an average purchase price of RMB 324.45 per sqm in a public land auction. VPPL is the 40% associated company of Figtree Developments Pte. Ltd., a wholly-owned subsidiary of the Company. Singapore Enterprises Private Limited, the controlling shareholder of the Company, holds the remaining 60% stake in VPPL. Through VPPL, the Group has an effective 20% shareholding interest in the Project... shareinvestor/news/news.html?source=sg_si_express&nid=81120
Posted on: Thu, 20 Mar 2014 02:49:52 +0000
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