SingHaiyi Group Ltd. announced that two joint venture companies have been incorporated on 19 May 2021. In accordance with the Joint Tenderers' Participation Proportions to jointly undertake the Project, the details of the JV Companies are as follows: Maxwell Residential Pte. Ltd. with issued & paid-up share capital of SGD 10.00 and the shareholders: CEL Development Pte. Ltd. (40% shareholding); SingHaiyi Investments Pte. Ltd. (30% shareholding); and Chuan Investment Pte Ltd. (30% shareholding); and Maxwell Commercial Pte. Ltd. with issued & paid-up share capital of SGD 10.00 and the shareholders: shareholders: CEL Development Pte. Ltd. (40% shareholding); SingHaiyi Investments Pte. Ltd. (30% shareholding).