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BRIEF-Shinvest says unit enters agreement to sell leasehold property
September 29, 2017 / 11:15 AM / 3 months ago

BRIEF-Shinvest says unit enters agreement to sell leasehold property

Sept 29 (Reuters) - Shinvest Holding Ltd

* Sin Hong Hardware entered an agreement to sell leasehold property located at 2 Kwong Min Road, Singapore

* Deal for consideration for property is S$4.4 million

* Sin Hong intends to use proceeds from sale of property to pay down bank loans and generate working capital

* Proposed disposal is expected to result in a gain of about S$3 million after all expenses for co Source text for Eikon: Further company coverage:

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