Quek Leng Chan, GuocoLand's chairman, is also a director of Hong Leong Investment Holdings.
A joint venture consisting of GuocoLand (SGX:F17
) and two other parties has won the tender for 25,458.4 sqm site at Tengah Garden Avenue with a bid of $675 million.
The tender was jointly put forward by GuocoLand together with Intrepid Investments, a wholly-owned subsidiary of Hong Leong Holdings, and CSC Land Group, linked to China State Construction Engineering Corporation, a state-owned enterprise.
