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Tuan Sing to acquire several assets from PT Senimba Bay Resort for $28 mil

Ashley Lo
Ashley Lo • 2 min read
Tuan Sing to acquire several assets from PT Senimba Bay Resort for $28 mil
Tuan Sing's William Liem. Photo: Samuel Isaac Chua/The Edge Singapore
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Tuan Sing Holdings (SGX:5IC) , through several of its indirect wholly-owned subsidiaries, has announced its proposed acquisition of six assets from PT Senimba Bay Resort. 

These assets include land located at Jalan Raya Marina City in Indonesia and a two storey Teluk Senimba Ferry Terminal, four hectares of land located adjacent to the ferry terminal, 2.8 hectares of land located at Ocean Park Residential Estate, six units of shophouses located at Marina City shophouse complex, and 15.65% of shares in PT Hean Yi Marina Perkasa. 

The purchase consideration for all six assets stood at $28 million, or approximately IDR330,640 million.

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