Sino Holdings, which is a wholly owned subsidiary of TA Corp, currently owns the property known as New World Centre.
Grocer Sheng Siong Group is acquiring a property that it is currently leasing near Jalan Besar for $17.3 million.
This comes after its wholly owned subsidiary Sheng Siong Supermarket entered into a conditional sale and purchase agreement with Sino Holdings on July 30, according to a filing on the same date.
