Sheng Siong (SGX:OV8) entered into a conditional sale and purchase agreement to purchase 25 million shares in the capital of Jelita Property, according to a filing with the Singapore Exchange on Friday.
The company owns properties located at 2 First Street Singapore and a property at 181 Toa Payoh.
As part of the proposed acquisition, the company will also lease out the properties.
The total consideration of the share sale is the net asset value of the target company based on the property value of SG$50.2 million.
Through this acquisition, the company will be in a position to open additional stores while also receive additional rental income.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。