Core Viewpoint - China New Retail Supply Chain (03928.HK) announced the granting of an option to purchase a property located at 114 Lavender Street, Singapore, for a price of SGD 8.8 million, which is expected to improve the company's financial position and increase working capital [1] Group 1: Transaction Details - The seller, Shengde Development (a wholly-owned subsidiary), and Poh Wah Group jointly own the property, each holding 50% [1] - The net proceeds from the sale are estimated to be approximately SGD 4.3 million for the group [1] Group 2: Financial Implications - The board believes that the sale allows the group to realize the property's value at a reasonable price, which will enhance the group's financial condition [1] - The proceeds from the sale will be used to improve the company's financial status and increase general working capital [1]
中国新零售供应链(03928.HK)附属拟出售新加坡物业 所得款项净额约430万新元