SINGAPORE (Mar 6): Leon TMK, an indirect associate of property group Roxy-Pacific Holdings, has entered into an agreement to sell its retail building located at Ginza, in Tokyo, Japan, at a sale price of 8.66 billion yen ($112.2 million).
Roxy-Pacific says the sale is in the ordinary course of business of the company.
The transaction is not expected to have a material impact on its consolidated earnings and net tangible assets per share for FY2020 ending Dec 31.
Shares in Roxy-Pacific closed flat at 36.5 cents on Friday, before the announcement.
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