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Chuan Hup Says Owners Target Collective Sale of GB Building

MT Newswires ·  {{timeTz}}

04:51 AM EDT, 10/14/2021 (MT Newswires) -- Singapore-based property investment and development company Chuan Hup (SGX:C33) said subsidiary proprietors of GB Building, a commercial development located in Singapore's Central Business District, are targeting a collective sale of the property, according to a Wednesday bourse disclosure.

Chuan Hup, whose unit Provest Realty is the registered subsidiary proprietor of three floors of GB Building, said the terms and conditions of the collective sale agreement and the method of apportionment of the sales proceeds were approved on Oct. 7.

Accordingly, the consenting subsidiary proprietors will now execute the collective sale agreement with respect to their interests in the property.

Price (SGD): S$0.25, Change: S$0.00, Percent Change: 0.00%

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