Brief: Avarga Ltd Says Unit Granted Beni Warehousing Pte Option To Purchase Property For S$18.6 Mln
20/07/2018 10:12
July 20 (Reuters) - Avarga Ltd AVAR.SI :
* UPP INDUSTRIES PTE GRANTED BENI WAREHOUSING PTE OPTION TO
PURCHASE PROPERTY AT SINGAPORE AT S$18.6 MILLION
* AMOUNT OF PROCEEDS OVER BOOK VALUE AND GAIN FROM PROPOSED
DISPOSAL IS ESTIMATED TO BE ABOUT S$10.6 MILLION
* INTENDS TO USE NET PROCEEDS TO PAY A SPECIAL DIVIDEND
Source text for Eikon: ID:nSNZ8JWQQj
Further company coverage: AVAR.SI
((Reuters.Briefs@thomsonreuters.com;))
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