SG17 has an initial and paid-up capital of A$100 ($90.63) split into 100 ordinary shares. It will be engaged in the business of multi-resident residential property development projects in South-East Queensland. Ventrade Australia and BHHP17 each have a 50% stake in SG17.
Chuan Hup Holdings’ wholly-owned Australian subsidiary, Ventrade Australia, has entered into a joint venture (JV) with BHHP17 Pty Ltd to acquire and develop a site located at 303 Golden Four Drive, Bilinga, Queensland. Both companies have established a JV company (JVCo) named SG17.
BHHP17 is an associated company of boutique residential property developer and builder, Siera Property Group.
