It has completed the establisment of the joint venture (JV) between its wholly owend subsidar, Boustead Hotels and Resorts S/B (BHR) and Tacorp Holdigns S/B (TH) as well as the acquisition of two piece of land in Kuantan, Pahang by the JV company from TH. BHR and TH have also agreed to vary their equity structure in the JV company from 70:30 to 80:20.
Disclosure of Interest:
The author has an interest in Boustead Holding Berhad
Note:
Catching the next Korean wave
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