Asset Acquisitions and Disposals::DISPOSAL OF SML GREAT PTE LIMITED

Issuer & Securities

Issuer/ Manager
SINARMAS LAND LIMITED
Securities
SINARMAS LAND LIMITED - SG1E97853881 - A26
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
14-Apr-2021 17:58:31
Status
New
Announcement Sub Title
DISPOSAL OF SML GREAT PTE LIMITED
Announcement Reference
SG210414OTHRQUNB
Submitted By (Co./ Ind. Name)
Kimberley Lye Chor Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the "Board") of Sinarmas Land Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce the disposal by the Group of its interest in the entire issued and paid-up share capital of SML Great Pte Limited, a company incorporated under the laws of Jersey (the "Target"), which in turn owns the property known as Unlimited House, 10 Great Pulteney Street, London, W1F 9NB (the "Property"), for cash consideration of GBP72 million (equivalent to approximately SGD131.8 million) ("Consideration") (the "Disposal").

Please see attached for further details.

Attachments