Astaka Holdings Ltd. (SG:42S) has released an update.
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Astaka Holdings Limited has successfully met the conditions precedent for their joint development agreement and sale and purchase agreement, enabling them to proceed with a mixed commercial development project in Johor Bahru, Malaysia. This marks a significant milestone for the company as they exercise the option to purchase land for the development, having entered into various agreements since April 2022. The completion of these conditions sets the stage for the company’s planned serviced apartment project on the acquired land.
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