Intraco (SGX:I06) entered into a second supplemental deed with TH Investments, Macondray Holdings and Soh Ying Sin to amend terms and conditions of a sale purchase agreement to sell its fire protection business, according to a Monday filing with the Singapore Exchange.
Under the new deed, the transfer of a property located at 71 Tuas View Place, to the company, is no longer a condition precedent.
Upon the completion of the sale of the 71 Tuas View Place 05-01 Singapore by KA Building Construction for SG$730,000, the buyers will procure KA Building to assign all sale proceeds to the company.
Meanwhile, the company has the right to require KA Building to transfer 71 Tuas Place 05-20 free from all encumbrances to the company at the net book value of SG$0.6 million for no consideration, while the buyers will require KA Building to enter into a two-year lease agreement for the property.
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。