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Chuan Hup Unit to Acquire Property in Singapore for Nearly $6 Million

MT Newswires ·  07/14/2022 18:12

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%

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