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UOL says $201 mil en bloc tender for Nanak Mansions accepted

PC Lee Published on Thu, Sep 28, 2017 / 7:19 PM GMT+8

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SINGAPORE (Sept 28): UOL says the en bloc tender of a freehold property at Meyer Road by an associate has been accepted by all the subsidiary proprietors of the units in the development.

UOL says the bid was put in by 50%-owned Secure Venture Development (No. 1) (SVD1) with an agreed upon purchase consideration of $201.1 million.

SVD1 is a 50:50 joint venture company by UOL Venture Investments, the company’s wholly-owned subsidiary, and Kheng Leong Company.

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