SP Setia Bhd, a Malaysian real estate developer, scrapped a joint venture with Hangzhou Ju Shen Construction Engineering Ltd to develop a mixed property project in China because terms of the agreement weren’t met.
SP Setia “still firmly believes” that property prospects in China are “positive,” the company said in a statement in Kuala Lumpur today. It will continue to look out for other suitable opportunities there, it said.
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