SINGAPORE (Dec 5): GuocoLand (Singapore), and GuocoLand Assets (GAPL) have entered into a joint venture and shareholders' agreement to bid for land.

Both entities are members of the Hong Leong Group which is controlled by Malaysian tycoon developer Quek Leng Chan.

GuocoLand (Singapore) is a wholly-owned subsidiary of GuocoLand whose immediate holding company is GAPL.

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