Singapore’s retail group Metro Holdings and Lee Kim Tah Group’s wholly-owned Shawco, have inked a master agreement with Indonesian-based company Trans Corp, a subsidiary of diversified group CT Corp found by tycoon Chairul Tanjung, to jointly develop, market and sell five 32-store residential towers in Bekasi in the outskirt of Jakarta for a total investment value of Rp1.99 trillion (S$200.4 million).

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