According to GuocoLand in its filing to the stock exchange, it owns a 50% stake in this venture. TIDR and Intrepid hold 40% and 10% respectively.
GuocoLand has won the tender for a residential site at Faber Walk with a bid of nearly $349.9 million.
The tender was jointly put forward by GuocoLand (SGX:F17
) with TID Residential, an indirect subsidiary of Hong Leong Investment Holdings (HLIH) and a deemed substantial shareholder of GuocoLand. The third joint venture party is Intrepid Investments, which is also controlled by HLIH.
