LIAN Beng Group, together with Heeton Holdings and KSH Holdings
will, through their respective subsidiaries, co-develop a A$150 million
(S$173.87 million) mixed-use site in Brisbane, Australia.
The three companies on Monday identified two components to the joint venture:
The first involves a residential development joint venture with Australian counterpart Marvel Investments Pty Ltd, which will hold an effective interest of 67 per cent; the rest is held by Heeton, Lian Beng, and KSH consortium with effective interests of 18.15 per cent, 9.90 per cent, and 4.95 per cent respectively.
The second is a hotel development joint venture with Heeton and Lian Beng holding effective interest of 70 per cent and 30 per cent respectively.
The three companies on Monday identified two components to the joint venture:
The first involves a residential development joint venture with Australian counterpart Marvel Investments Pty Ltd, which will hold an effective interest of 67 per cent; the rest is held by Heeton, Lian Beng, and KSH consortium with effective interests of 18.15 per cent, 9.90 per cent, and 4.95 per cent respectively.
The second is a hotel development joint venture with Heeton and Lian Beng holding effective interest of 70 per cent and 30 per cent respectively.
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Must venture abroad to survive.
ReplyDeleteAnd it is even smarter to bring others with you; joint forces then have better and greater chance to survive and achieving success.
Probably the meat is too large for one party to eat alone. LOL!
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