China Great Land Holdings Ltd. entered into a non-binding memorandum of understanding to acquire 75% stake in Newton & Stokes Pte. Ltd. from Ng Kok Leong.

China Great Land Holdings Ltd. is a Singapore-based investment holding company. The Company is engaged in the provision of piling services. The Company's segments include Provision of piling services and Corporate. The Company's subsidiaries include Hainan Pearl River Pile Co., Ltd, Sanya Pearl River Pile Co., Ltd, Hainan Huadi Building Material Co., Ltd and Hainan Pearl River Foundation Engineering Co., Ltd. The Company, through Hainan Pearl River Pile Co., Ltd and Sanya Pearl River Pile Co., Ltd subsidiaries, is engaged in manufacturing and selling piles and other building materials. The Company, through Hainan Huadi Building Material Co., Ltd subsidiary, is engaged in manufacturing and selling aerated concrete, a building material for walls and partitions. The Company, through Hainan Pearl River Foundation Engineering Co., Ltd, is engaged in the provision of piling services.