Brief: Abterra announces disposal of three office units in Singapore
05/08/2016 13:44
Aug 5 (Reuters) - Abterra Ltd ABTR.SI : * Disposal of office units located at 7 temasek boulevard suntec tower 1 Singapore 038987) ABTR.SI * Company has today granted an option to an unrelated third party * Company has agreed to sell the property at a purchase consideration of s$11.4 million * Company has agreed to sell, and purchaser has agreed to acquire, the property which comprises 3 office units in Singapore * Group will recognise a pre-tax loss on the proposed disposal of approximately s$3.9 million * Intends that the proceeds from the proposed disposal be used to reduce bank borrowings and general working capital * Source text for Eikon ID:nSNZ7Fs2dv * ((For more news, please click here ABTR.SI )) ((Bengaluru Newsroom; +91 806749 1130))
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