Wee Hur unit awarded land parcel for $76.9m

WEE HUR Development Pte Ltd, a subsidiary of Wee Hur Holdings, has been awarded a land parcel at Woodlands Avenue 12 by the Urban Redevelopment Authority at a tendered sale price of $76,900,000. The land parcel's lease is for 30 years. This award is not expected to have a material impact on the consolidated net tangible assets per share and consolidated earnings per share of the group for the financial year ending Dec 31, 2014.

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