DutaLand JV plan lapses

Property developer DutaLand Bhd said a planned joint venture with China-Boda Group to develop two separate pieces of land in China and the Iskandar region in Johor, has lapsed.

“Due to non-fulfillment of certain conditions stipulated in the MOU (memorandum of understanding), the proposed joint venture between DutaLand and China-Boda Group under the MOU has now lapsed,” DutaLand said in a stock exchange filing yesterday.

By Business Times