Snack Empire (HKG:1843) unit STSS Integrated exercised its option to acquire a Singapore property from Agrocorp International for nearly SG$7.8 million alongside a GST payment of SG$700,695, a Monday bourse filing said.
The property is an office premise at 10 Anson Road, Singapore, and is currently tenanted out. The tenancies will expire on April 30 and June 30, respectively, following which the purchaser will keep the property for self-use.
Completion of the acquisition will occur April 15, according to the food and beverage company.
Shares of the company were down over 4% in recent trade.
Price (HKD): $0.13, Change: $-0.0060, Percent Change: -4.35%
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