Top Global has been among the top volume players since 2 weeks ago, following 2 significant announcements….
Firstly, co. announced 2 weeks ago it is part of consortium which won bid for the Capitol site, besides the Capitol site redevelopment, Top Global is also exploring other opportunities via 2 other JVs:
i) 60% owned Sunshine Capital (Asia) Ltd, plans to establish a co in Beijing to secure an exclusive right to lease and acquire hotels near transportation points such as airports and railway stations in China, and ultimately list the co.,
ii) a 70% owned JV will look into real estate development, real estate agency, and trading of building materials and supplies…
Secondly, last week co.annouced an MOU for acquisition of 51% stake in Longrunn Int’l (LRI), whose purpose is to co-manage the planning & development of a plot of land at Fisherman Pier on Changxing Island (8.9km tunnel-link to Pudong, Shanghai) for residential, retail and commercial use. Land area and gfa for development ~1.1m sm, 0.8m sm respectively, to cost est S$900m. 6mths deadline to finalize agreement.
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