The Board of Directors of Astaka Holdings Limited announced that its 99.99%-indirect owned subsidiary, Astaka Development Sdn. Bhd. had entered into a joint development agreement with Straits Perkasa Services Sdn.

Bhd. on 19 April 2022 in relation to a development of a mixed commercial development project consisting of serviced apartments on a parcel of land on Mukim Tebrau, Tempat Taman Setia Indah, Daerah Johor Bahru, Negeri Johor. The Landowner is the registered and beneficial owner of the Land, which is held under GRN 520892 Lot 152290, Mukim Tebrau, Tempat Taman Setia Indah, Daerah Johor Bahru, Negeri Johor.