Corporate digest

SUTL Enterprise

OWNER of the ONE°15 brand SUTL Enterprise has secured its second management contract in China for an upcoming integrated marina, located at Sanshan Island in Taihu Lake, Suzhou.

The 10-year contract was awarded by master developer for the project Suzhou Taihu SanShan Island Marina, which holds the land and water rights for the upcoming waterfront development, which will comprise a private marina, yacht membership club and marina facilities. There are also plans for a clubhouse, the mainboard-listed company said in an SGX filing on Tuesday. Located just 45km from Suzhou City Centre and easily accessible, the new marina will carry SUTL Enterprise's ONE°15 brand.

The group is currently providing consultancy and management services to ONE°15 Marina Guishan, another marina under construction in Zhuhai, and is scheduled for c…