Brief: Keong Hong Holdings updates on acquisition of property in Osaka, Japan by unit

Keong Hong Holdings

08/12/2015 11:31

Dec 8 (Reuters) - Keong Hong Holdings Ltd  KEHO.SI : 
 * Says acquisition of property in Osaka, Japan by indirect wholly-owned subsidiary 
 * Says proposed acquisition will provide an alternative income stream for the group through rental income from the property 
 * Acquisition will be funded by group's internal resources, net proceeds from medium terms notes issued on 15 June 2015 
 * Deal for consideration of S$10.6 million 
 * Unit Grandwood (Japan) Pte Ltd on 4 December 2015 entered into sale and purchase agreement with Samty Co Ltd for purchase of commercial building 
 
 * Source text for Eikon  ID:nSNZ1rRm6f  
 
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