Asset Acquisitions and Disposals::COMPLETION OF DISPOSAL OF HORSEFERRY PROPERTY 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
10-Aug-2022 18:52:09
Status
New
Announcement Sub Title
COMPLETION OF DISPOSAL OF HORSEFERRY PROPERTY LIMITED
Announcement Reference
SG220810OTHR4CKW
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 of Sinarmas Land Limited (the "Company" and together with its subsidiaries, the "Group") refers to the Company's announcement of 13 July 2022 regarding the proposed disposal of the entire issued share capital of Horseferry Property Limited, which owns the freehold property known as 33 Horseferry Road, Westminster, London, United Kingdom (the "Disposal"). The Company wishes to update that the Disposal was completed on 8 August 2022 and the consideration of GBP247.5 million (equivalent to approximately SGD413.3 million) has been received in full.

Horseferry Property Limited has therefore ceased to be a subsidiary of the Group.

(Note: Amount in SGD equivalent derived using an exchange rate of GBP1 to SGD1.67 as of 8 August 2022.)


BY ORDER OF THE BOARD


Robin Ng Cheng Jiet
Director
10 August 2022