coming

another Rowsley

Trading Halt, pending announcement

The stock has been in the spotlight after Singapore tycoon Goi Seng Hui, also known as Sam Goi, became the company’s new majority shareholder in April. GSH was formerly known as JEL Corp (Holdings).

Goi, a food tycoon, was Singapore's twelfth richest person with a net worth of $1.2 billion, according to Forbes last year.

GSH Corporation Limited on Monday said it has signed a legally non-binding memorandum of intent (MOI) to jointly plan and develop a marine eco-city with the government of a city in China's Fujian province.

The Longhai-Singapore Marine Eco-City Project will be sited in Longhai, a county-level city in the prefectural city of Zhangzhou in southern Fujian.

The MOI is subject to definitive legal documentation, and will lapse in six months if a definitive agreement is not entered into.

The project entails the joint planning and development of approximately 8,000 mu (approximately 5.3 million sq m) of land to be provided by the Longhai city government.

Rising star.