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Roxy-Pacific Holdings
05-05-2018, 06:14 PM.
Post: #21
RE: Roxy-Pacific Holdings
(04-05-2018, 06:00 PM)cyclone Wrote: Proposed Sale of 117 Clarence Street, Sydney, Australia

Roxy-Pacific Holdings Limited announced that its indirect associate company, Feature-Roxy Pty Ltd, has entered into a non-binding Heads of Agreement with an Australian domiciled institutional investor (the "Purchaser") to sell the property located at 117 Clarence Street, Sydney Australia to the Purchaser at a price of AUD153,000,000. The Proposed Sale is subject to the findings of the due diligence exercise to be carried out by the Purchaser pursuant to the non-binding Heads of Agreement, obtaining of board approvals by the parties, as well as the definitive sale agreement(s) that the parties may enter into.

will they book a profit?

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30-05-2018, 06:13 PM.
Post: #22
RE: Roxy-Pacific Holdings
Acquisition of Freehold Residential Site

Roxy-Pacific Holdings Limited announced that its indirect associated company, RH Novena Pte. Ltd., has entered into an agreement to acquire a freehold residential site situated at Lots 527T and 1072P both of TS 29 at 27 Moulmein Rise, Singapore, at the purchase price of S$106,000,000.

The said freehold residential site has an estimated total land area of 22,198 sq ft and can be redeveloped into a 20-storey residential apartment with a maximum permissible gross floor area of 72,003 sq ft.
Specuvestor: Asset - Business - Structure.

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25-06-2018, 06:03 PM.
Post: #23
RE: Roxy-Pacific Holdings
(05-05-2018, 06:14 PM)punklitez Wrote:
(04-05-2018, 06:00 PM)cyclone Wrote: Proposed Sale of 117 Clarence Street, Sydney, Australia

Roxy-Pacific Holdings Limited announced that its indirect associate company, Feature-Roxy Pty Ltd, has entered into a non-binding Heads of Agreement with an Australian domiciled institutional investor (the "Purchaser") to sell the property located at 117 Clarence Street, Sydney Australia to the Purchaser at a price of AUD153,000,000. The Proposed Sale is subject to the findings of the due diligence exercise to be carried out by the Purchaser pursuant to the non-binding Heads of Agreement, obtaining of board approvals by the parties, as well as the definitive sale agreement(s) that the parties may enter into.

will they book a profit?

Roxy-Pacific and Tong Eng Group had acquired the property in February 2016 for A$81 million through a joint venture company, Feature-Roxy Pty Ltd, of which both parties own an equal 50% stake. 

The sale of 117 Clarence Street is expected to contribute positively to Roxy-Pacific’s financial performance in the financial year ending December 31, 2018.
Specuvestor: Asset - Business - Structure.

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