GSH Corp. Forks Over $213M For Malaysian Resort

Law360, New York (January 2, 2014, 3:50 PM EST) -- Investment firm Global Strategic Holdings Corp. Ltd. nabbed an oceanfront resort and two adjoining pieces of residential land in Kota Kinabalu, Malaysia, for 700 million ringgit ($213 million) as the country's tourism industry continues to grow, GSH said in a statement Thursday.

GSH subsidiary Borneo Ventures Pte. Ltd. partnered with TYJ Group Pte. Ltd., the investment vehicle of GSH Executive Chairman Sam Goi, to grab Sutera Harbour Resort, a 384-acre oceanfront property that includes two luxury hotels, a marina and a country club, according to a...
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