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HS Optimus to acquire six Brunei shophouses for $1.92 mil

Bryan Wu
Bryan Wu • 2 min read
HS Optimus to acquire six Brunei shophouses for $1.92 mil
Completion of the acquisition is expected to take place at the end of the fourth quarter of 2024.
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HS Optimus’ (SGX:504) wholly-owned subsidiary Ambertree has entered into a sale and purchase agreement to acquire a 60-year sublease in six double-storey shophouse units in Brunei for a total consideration of B$1.92 million ($1.92 million).

The six-unit property is situated in Kampung Kilanas, Mukim Kilanas, on a parcel of land being developed by Lee Han Siew, the sole proprietor of Optimus Holdings.

Pengiran Muda Abdul Qawi, the landowner, is the non-executive chairman, non-independent director and substantial shareholder of HS Optimus.

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