Tuan Sing buys stake in mixed development on Hainan island
Annabeth Leow
Singapore
MAINBOARD-LISTED Tuan Sing Holdings has forked out for a share in an integrated development in Hainan, China, with an eye to raising its stake.
It said on Monday that it has paid 75 million yuan (S$15 million) for 7.8 per cent in developer Sanya Summer Real Estate, which plans to complete a mixed-use project there by end-2021.