The balance deposit of $211,313.13, or 4% of the purchase consideration shall be payable upon exercise of the option by the purchaser, and the balance 95% shall be payable upon completion of the proposed disposal.
Sanli Environmental’s wholly-owned subsidiary, Sanli M&E Engineering, has proposed the sale of a leasehold property located at 28 Kian Teck Drive for $5.28 million to an independent third party.
Under an option to purchase granted to EDZ Interior Contracts, 1% of the purchase price, or $52,828.28 shall be payable upon the grant of the option by Sanli M&E.
