On the same day, Low Keng Huat announced that it has acquired 45% of the total issued and paid-up share capital of Paya Lebar Square through an SPA with Sun Venture Realty for a consideration of $90.5 million, including a shareholder’s loan of $47.6 million owed to Sun Venture Realty.
Construction company Low Keng Huat has, on June 11, entered into a share purchase agreement (SPA) with Sun Venture Homes to dispose its entire stake amounting to 40% in each of Westgate Tower and Westgate Commercial’s total issued and paid-up share capital for a total consideration of $97.1 million.
The consideration includes shareholders’ loans of a total of $80.5 million owed to the company.
