BHCC Holding Ltd. (HK:1552) has released an update.
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BHCC Holding Ltd. has announced a significant step forward for its subsidiary, BHCC Projects, which jointly submitted a tender for the lease and development of land for industrial use in the food sector in Singapore. This tender submission necessitates a deposit of approximately S$4 million, which will be returned if the bid is unsuccessful. The transaction is notable as it exceeds certain percentage ratios, making it a discloseable transaction under the Listing Rules, and if the tender is accepted, a joint venture company will be formed, subject to additional reporting and approval requirements.
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