Low Keng Huat Singapore Ltd (SG:F1E) has released an update.
Low Keng Huat (Singapore) Limited, through its wholly owned subsidiary Huatland Development Pte. Ltd., has partnered with Kheng Leong Company’s subsidiary to form Peak Crescent Pte. Ltd., a joint venture for real estate development. The newly incorporated entity, with a modest initial share capital, becomes an indirect associated company of Low Keng Huat. This strategic move is expected to be non-material in terms of net tangible assets and earnings for the current financial year.
For further insights into SG:F1E stock, check out TipRanks’ Stock Analysis page.
