Metro Holdings' (SGX:M01) stepdown subsidiary, Metrobilt, set up a joint venture company called Mero Soilbuild Development with SB (Westpoint) Investment, according to a Monday filing with the Singapore Exchange.
SB (Westpoint) is a subsidiary of Soilbuild Group Holdings.
The JV's principal activity is real estate development, with Metrobilt Construction having a 40% stake in it.