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Asia-Pacific Strategic Investments buying real estate agency business (Amended)

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Published Tue, Jul 21, 2015 · 09:50 PM

Singapore

SINGAPORE-LISTED Asia-Pacific Strategic Investments Ltd (APSIL) has proposed to acquire Global Alliance Property (GA) - the newly combined real estate agency business of Global Property Strategic Alliance (GPS Alliance) and MORE Property - for S$2.75 million in cash and shares.

GPS Alliance's wholly owned unit Global Property Strategic Alliance (GPSA) currently holds 70.91 per cent of GA while MORE Property owns the balance stake.

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