Although this update to India Globalization Capital, Inc.'s (NYSEMKT:IGC) Genting Highlands Project has nothing to do with its cannabis-based pharmaceutical research, development, or acquisitions... it still is important for both existing and potential shareholders to keep an eye on.
IGC already acquired a 10% stake in a 1,000 room development project back in August in exchange for 4 million shares of IGC common stock. The development project has the exclusive rights to develop the 6+ acre property near to the Resorts World Genting. They are hoping that the casino visitors will provide strong demand for the project as tourists flock from China, South Korea, and the Middle East.
IGC just announced that HBA Architecture has been chosen to be the master planner and the design architect for this project. We will be sure to update you regarding the Genting Highlands project as well as any other releases from India Globalization Capital, Inc. (NYSEMKT:IGC).
For the full press release and update from IGC, click here.
Be sure to check out IGC's stock profile for more information on India Globalization Capital, Inc.
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