BRIEF-Sta Lucia Land Inc Announces Joint Venture With Araneta Properties

Dec 2 (Reuters) - Sta Lucia Land Inc:

* ANNOUNCES JOINT VENTURE BETWEEN STA. LUCIA LAND INC & ARANETA PROPERTIES INC

* CO SHALL DEVELOP LAND PURCHASED BY ARA LOCATED IN BULACAN INTO RESIDENTIAL SUBDIVISION

* 60% OF THE NET SALEABLE AREA WILL BE OWNED BY CO, WHILE 40% WILL BE OWNED BY ARANETA

* DEAL EXPECTED TO IMPROVE THE FINANCIAL STANDING OF CO Source text for Eikon: Further company coverage: