Second Chance to sell Lucky Plaza Units for S$13.39m

MAINBOARD-LISTED Second Chance Properties announced on Tuesday (Nov 15) that the Lew Foundation has exercised the option to purchase its Lucky Plaza units under subsidiary Better Chance Properties (BCP) for S$13.39 million.

The Lew Foundation was founded by businessman Lew Chee Beng.

The group disclosed in June that the potential buyer of the units, #01-56/57/58/59, was Lew and/or his nominee, and that he had been granted the option to purchase the units in the Orchard Road shopping mall for a total consideration of S$13.39 million.

The option would have expired on Aug 1. An option fee of 1 per cent of the sale price has been paid to BCP.

Shares of Second Chance closed flat at S$0.24 on Tuesday, before the announcement.