Perennial Real Estate and Pontiac Land reach settlement on Capitol Singapore
Singapore
THE deadlock in the fate of Capitol Singapore is finally coming to an end after its major shareholders Perennial Real Estate Holdings Limited and Pontiac Land reached a settlement agreement.
The pact inked on Jan 3 provides a mechanism for either Perennial or Pontiac Land to purchase all of the others' shares in the iconic heritage property.
Perennial said on Wednesday that a settlement agreement was signed by its wholly owned subsidiaries Perennial (Capitol) Pte Lt…
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