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Nikkei Markets

Singapore's Second Chance Properties To Dispose Asset Worth S$10 Million

By Singapore Newsroom
Nikkei Markets
SINGAPORE (Jun 23) -- Singapore's Second Chance Properties, an apparel retailer and engaged in property rentals, said Friday it has granted an option to Fok Chuen Yin to purchase a property at Haig Road, Singapore, for S$10 million ($7.21 million).

The proposed disposal is a "good opportunity as well as a prudent business decision for the company to sell off its property and utilize the proceeds to reduce the debts of the group," Second Chance Properties said in an exchange filing.
- By Singapore Newsroom; sgeditorial@nikkeinewsrise.com; +65 6331 6250
- Edited by Lopamudra Bhattacharya
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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