A-Smart Holdings Ltd. (SG:BQC) has released an update.
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A-Smart Holdings Ltd. has entered into a joint venture agreement through its subsidiary, A-Smart Property Holdings Pte. Ltd., with EMG Unipessoal LDA to develop a state-granted land parcel next to Oecusse international airport in Timor-Leste. This land, measuring 54,832 square meters, comes with a 50-year lease free for the first five years, followed by concessionary rental terms. The partnership aims to capitalize on the strategic location and foster development in this emerging region.
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