As at Nov 22, Liang & How, in accordance to the OTP terms have paid a sum of $53,000 or 1% of the consideration to United Overseas Bank (UOB) to cover the group’s existing mortgage on the property.
Waste-to-energy company USP Group announced that its wholly-owned subsidiary Supratechnic will be disposing off its property at 16A Joo Koon Circle to Liang & How Contractor for a consideration of $5.3 million. Liang & How was granted the option to purchase (OTP) on Nov 22, and will expire on Dec 6. The property is Supratechnic's headquarters that is in the business of wholesale of marine equipment and accessories.
The consideration was arrived at by an independent valuer RHT Valuation, commissioned by the group, as well as determined on a willing-buyer-willing-seller basis.
