Arthaland sets up JV with Mitsubishi

LISTED Arthaland Corp. (ALCO) announced on Tuesday that it had incorporated Kashtha Holdings Inc., a joint venture (JV) company with the Mitsubishi Estate Co. (MEC).

In a disclosure to the local bourse, the property firm said that it subscribed to 12.5 million common shares of the JV for P1 apiece.