06:10 AM EDT, 07/14/2022 (MT Newswires) -- Chuan Hup Holdings (SGX:C33) said its unit Ventrade SG has established a new subsidiary Ventrade SG1 in Singapore, which will acquire and redevelop a property in Singapore.
Located at 25 Jalan Selanting, the 518.8 square meters property will be acquired for SG$7.9 million ($5.6 million), according to a Wednesday disclosure.
The property will be demolished and will be redeveloped into two units of three-story semi-detached landed dwelling house.
Chuan Hup's shares closed 2% higher on Thursday.
Price (SGD): S$0.22, Change: S$0.00, Percent Change: +2.33%