FCC-Ciputra deal lapses
FCC-Ciputra deal lapses
SINGAPORE (Reuter): First Capital Corporation Ltd said yesterday its January memorandum of understanding to buy 20 percent of PT Citraland Adigraha, part of Indonesia's Ciputra group, had lapsed as no definitive agreement had been reached.
Citraland Adigraha planned to develop a hotel and commercial complex in Jakarta.