Notice of Valuation of Real Assets::Notice of Valuation of Real Assets

Issuer & Securities

Issuer/ Manager
ELLIPSIZ LTD
Securities
ELLIPSIZ LTD - SG1CA2000000 - BIX
Stapled Security
No

Announcement Details

Announcement Title
Notice of Valuation of Real Assets
Date &Time of Broadcast
23-Aug-2021 07:35:02
Status
New
Announcement Sub Title
Notice of Valuation of Real Assets
Announcement Reference
SG210823OTHRTZTB
Submitted By (Co./ Ind. Name)
Johnie Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Valuation of property owned by a subsidiary, PT Super Makmur Sejahtera. Please refer to the valuation details below.

Additional Details

Valuation Details
Date of Valuation
Name of the Valuer
Description of Property
Valuation Currency
Valuation Amount
30/06/2021KJPP Willson and Rekan in association with Knight FrankVacant land plots located at Desa Berakit, Kecamatan Teluk Sebong, Kabupaten Bintan, Kepulauan Riau Province, IndonesiaIndonesian Rupiah222,582,000,000
Valuation of Reports available for inspection at address during office hours
54 Serangoon North Avenue 4 #05-02 Singapore 555854.

Shareholders who wish to inspect the valuation report are required to make prior appointment with the Company.
Reports available till date
22/11/2021
Additional Information
The valuation amount is equivalent to approximately S$20.6 million based on the exchange rate of S$1:IDR10,788.