You are here

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

BT_20170207_KRGSH7_2728532.jpg
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.

Singapore

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

sentifi.com

Market voices on:

Powered by GET.comGetCom