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Question on the latest announcement
Sorry, newb here. But isn't Astaka Holdings the one who awarded Kim Lun with the Bukit Senyum project? So why is Kim Lun providing financial assistance to Astaka Kimlun SB now?
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103369580 : Subsidiary maybe?
Mr-K : Astaka and Kimlun setting up a joint venture to develop Arden One Bukit Senyum project. Kimlun and Astaka both need to pump money to this JV to acquire land from landowner Astaka parent co. This JV(astaka 59, kimlun 41) will award the main con contract back to Kimlun.