joint venture company

Banyan Tree will fund the RMB425 million cash component of the transaction through its internal resources.

The JVC will be 51%-owned by RUHM and 49%-owned by Bridgewater Offshore Sdn Bhd, a subsidiary of Kim Heng.

SINGAPORE (July 9): UOL Group and United Industrial Corporation (UIC) have jointly put in the winning bid of $491.3 million for the residential site located at Clementi Avenue 1.

SINGAPORE (Mar 26): Keppel Corporation is jointly acquiring Yi Fang Tower in Shanghai for a consideration of RMB 4.6 billion ($926 million).

SINGAPORE (Jan 30): Hong Leong Asia’s wholly-owned subsidiary, HL Building Materials, has established a 51%-owned joint venture (JV) company with Malaysia’s Sunway Construction Group (SunCon) for $25,000.

SINGAPORE (Jan 23): Procurri Corporation says its indirect subsidiary, Procurri LLC, has entered into an operating agreement with Congruity LLC to incorporate a Delaware limited liability company (LLC), Rockland Congruity LLC.