Keppel (SGX:BN4) unit Keppel Real Estate China, through its subsidiary Keppel Smart City Data Technology, entered an agreement with Suzhou Sungent Urban Development and Surbana Jurong (China) Entity Management to form a joint venture company.
The joint venture, which will have an initial capital of 3 million yuan, will engage in green and sustainable consulting in mainland China.
Under the agreement, Keppel Smart City will subscribe to 20% of the JV's equity interests, according to a filing with the Singapore Exchange on Thursday.
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