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SingHaiyi Group Ltd Announces Joint Venture With Haiyi Properties Pte. Ltd.

Thursday, 20 Jun 2013 10:07am EDT 

SingHaiyi Group Ltd announced that the Company has on June 20, 2013 entered into a tender partnership agreement (the Agreement) with Haiyi Properties Pte. Ltd. (Haiyi), pursuant to which the Company and Haiyi have agreed to enter into a joint venture to submit a tender (Tender) initiated by the Urban Redevelopment Authority (URA) under the Government Land Sale Programme, to invest in the development of the land parcel located at Coronation Road, Singapore (Coronation Project); and to hold and develop the Coronation Project (the Joint Venture) through a new joint venture company (JVCO). 

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