Brief: Kingsland Global says sale of Oknha Peich Boutique Hotel

Kingsland Global

17/01/2016 22:20

Jan 18 (Reuters) - Kingsland Global Ltd  KLO.AX : 
 * Successful sale of oknha peich boutique hotel for US$13.4M 
 * Estimated the sale will generate profit before tax of approximately A$5 million for the company 
 * Entered into a binding agreement to sell the oknha peich boutique hotel (oknha hotel) to vivaz holdings pte ltd 
 * Subject to negotiation of agreement, vivas will make further payments of US$2 million a month until March 2016 
 * To sell at a price higher of US$13.4 million or a final valuation conducted by cbre 
 * Source text (http://bit.ly/1JTb7ok) 
 
 
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