The largest Arab property developer by market value, Emaar Properties and Indian real estate developer, MGF Group, through their joint venture company Golden Ace Pte Ltd, have announced their plans to make a S$370 mil bid worth S$1.05 per share to acquire 76 percent in RSH Limited.

RSH Limited, a major pan-Asian marketer, retailer and distributor of sports and fashion products is listed on the Main Board of the Singapore Exchange Securities Trading Limited. RSH Limited has exclusive retail rights to operate major fashion brands such as Zara, Massimo Dutti, Mango, Ted Baker, bebe, Pull and Bear and Women's Secret in various countries. On February 28, RSH shares traded at S$1.2.