special purpose vehicle (SPV)

KUALA LUMPUR (Dec 5): Beset with problems, the new team at Lembaga Tabung Haji has crafted a turnaround plan that is likely to involve a special purpose vehicle (SPV) taking over its underperforming assets at book value, sources say.

SINGAPORE (March 20): United Overseas Australia is planning to acquire a 50% interest in a special purpose vehicle to develop a mixed used apartment building complex in Ho Chi Minh City, Vietnam.