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GSH, Vibrant stand to book nice gains from GSH Plaza sale

GSH Corp and Vibrant stand to reap net profits of about S$80m and S$28m respectively

The buyer of Plaza Ventures, which holds GSH Plaza (above) at Cecil Street, is HK-listed Fullshare Holdings. The consideration is S$725.2 million.


GSH Corporation stands to make a net profit of nearly S$80 million from disposing of its 51 per cent stake in the consortium that holds GSH Plaza.

This figure is based on information released in the regulatory filing by GSH Corporation, which is controlled by "Popiah King

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