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OKP Holdings Arm Forms Joint Venture with Hwa Seng Investment

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OKP Holdings' (SGX:5CF) wholly-owned subsidiary, OKP Land, has incorporated a joint venture company, RPC One, with Hwa Seng Investment, according to a Monday filing to the Singapore stock exchange.

The transport infrastructure and civil engineering company's shares were down nearly 2% in Tuesday's trade.

RPC One has been incorporated to undertake property development and property investment activities.

The joint venture company has an issued and paid-up share capital of SG$2, comprising 2 ordinary shares, with OKP Land holding 50% or 1 share and Hwa Seng owning the other share.

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