SINGAPORE: Singapore developer Allgreen Properties Ltd, controlled by Malaysian-born tycoon Robert Kuok, said yesterday it would expand into China by taking part in a joint venture to develop a US$490mil project.
Allgreen said in a statement the venture, which would include other Kuok-related companies Kerry Properties Ltd and Shangri-La Asia Ltd as well as Shanghai Lujiazui Finance & Trade Zone Development, would develop a 58,900 sq m site in Pudong, Shanghai, into a mixed development comprising a hotel, offices and serviced apartments.
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