Indonesian Political, Business & Finance News

Landmarks to buy out Bintan landowner

| Source: GOI
Malaysian property firm Landmarks Bhd is buying out a firm that owns 338 hectares of land on Bintan island for S$156.9 million ($111 million), Landmarks said on Tuesday (5/2/08), Reuters reported.

Last month, Landmarks won Indonesian approval to start an integrated tourism zone in Bintan, which is a popular resort island for Singaporeans.
Tags: business
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