Brief: GuocoLand Says Joint Tender Worth S$779.6 Mln Accepted For A Land Parcel At Upper Thomson Road

Guocoland

16/04/2024 11:23

April 16 (Reuters) - GuocoLand Ltd  GUOC.SI :
    * TENDER SUBMITTED BY UNIT WITH INTREPID INVESTMENTS PTE FOR
A
LAND PARCEL AT UPPER THOMSON ROAD HAS BEEN ACCEPTED
    * TENDER FOR LAND PARCEL AT UPPER THOMSON ROAD HAS BEEN
ACCEPTED
BY URBAN REDEVELOPMENT AUTHORITY OF SINGAPORE
    * TENDER AT A BID PRICE OF S$779.6 MILLION
    * INTEREST HOLDINGS OF GLS AND INTREPID IN LAND PARCEL ARE
60% AND
40% RESPECTIVELY
    * FOR TENDER, PARTIES HAD ENTERED INTO A MEMORANDUM OF
GENERAL
AGREEMENT

Further company coverage:  GUOC.SI 

 ((Reuters.Briefs@thomsonreuters.com;))