
Group 1 - The core point of the announcement is that Guohao Group's subsidiary GLS has entered into a joint venture agreement with Intrepid and China State Construction Real Estate to develop a property in Singapore, with a total investment of 675 million Singapore dollars [1][2] - The property, located at Tengah Garden Avenue, will cover an area of 25,458.4 square meters and is expected to provide approximately 860 residential units along with commercial space on the ground floor [1] - The joint venture structure allows GLS to participate in the project with a lower capital investment, retaining funds for other investment opportunities [2] Group 2 - The joint venture agreement specifies that GLS will hold a 20% stake, Intrepid will hold 60%, and China State Construction Real Estate will hold 20% [1] - The total contribution from GLS amounts to 51.376 million Singapore dollars, which includes 1.6 million Singapore dollars in equity and 49.7576 million Singapore dollars in shareholder loans [1] - The transaction is part of Guohao Real Estate Group's regular business operations in property development and investment across Singapore, mainland China, and Malaysia [2]