Real Estate Management and Development
Company Overview of A.C.T. Holdings Pte Ltd
A.C.T. Holdings Pte Ltd. operates as a residential real estate development company. Its properties include landed homes, apartments, bungalows, villas, and condos. The company was formerly known as A.C.T. Enterprises Pte Ltd. and changed its name to A.C.T. Holdings Pte Ltd. in 1992. A.C.T. Holdings Pte Ltd. was founded in 1969 and is based in Singapore.
43 Mosque Street
Founded in 1969
Key Executives for A.C.T. Holdings Pte Ltd
Co-Founder of A C T Investments Inc, Chief Executive Officer of A C T Investments Inc and President A C T Investments Inc
Compensation as of Fiscal Year 2015.
A.C.T. Holdings Pte Ltd Key Developments
MS Holdings Limited Enters into a Deal with ACT Holdings for a Potential Development JV in Western Jakarta
Jan 19 16
MS Holdings entered into a binding conditional term sheet agreement with ACT Holdings Pte Ltd. on January 14 for a potential joint venture in property development in western Jakarta. This will involve MS Holdings acquiring a stake in Murray Prince Pte Ltd. (JV company), currently owned by ACT and its subsidiary Aspen Development. Following a share subscription by MS Holdings, the latter will own 31.25%, while ACT and Aspen will hold 61.87% and 6.88% respectively. This joint venture will in turn raise its interest in a residential project in Indonesia to 80% from 30% currently. The transaction is subject to, among other things, a definitive agreement being entered into between the parties and the approval of the shareholders of MS Holdings. Under the term sheet, the JV company will acquire from Foreland Development Pte Ltd. a 50% stake in the target company for IDR 94 billion (SGD 9.7 million) while Foreland Development shall novate a proportionate amount of loan (82.1 billion rupiah) to the JV company. Foreland will concurrently sell its remaining 7.5% stake in the target company to PT Jaya Prima Integra (JPI). Upon completion of the proposed transactions, the JV company will hold 80% of the target company while JPI will hold the remaining 20%. In connection with the proposed investment, MS Holdings and ACT shall grant loans of SGD 5.38 million and SGD 5.83 million respectively to the JV company with the bulk to be used for payment of the balance consideration for the proposed acquisition. The term sheet shall terminate two months from the date of the term sheet. Prior to its expiry, parties to the agreement are bounded by an exclusivity clause.
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