朋友们帮忙看一下以下对bbr的分析，偶真的看不懂，看起来有点复杂呀．The board of directors of BBR Holdings (S) Ltd (the "Company") would like to announce that SP Development Pte. Ltd. ("SP"), a wholly-owned subsidiary of Singapore Piling & Civil Engineering Private Limited, which is a wholly-owned subsidiary of the Company, has entered into an agreement with Tennessee Pte. Ltd. and Shing Kwan (Pte.) Ltd. (the "Joint Venture Agreement") for the purposes of developing a land site at St. Martin's Drive, Singapore. Tennessee Pte. Ltd. ("TL"), a wholly-owned subsidiary of Shing Kwan (Pte.) Ltd. ("SK"), is the owner of the land sites at 17 and 19 St. Martin's Drive and SP is the owner of the adjacent site at 21 St. Martin's Drive. The objective of the joint venture is to combine the 3 land sites and redevelop into a single residential development (the "Project"). This would enhance the usage of land, achieve better efficiency, economies of scale and have a larger and sizable development. The combined site will have (more...)