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AusGroup wraps up sale of Singapore assets

Published Thu, Feb 2, 2017 · 09:50 PM
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Singapore

MAINBOARD-LISTED offshore and marine player AusGroup has reported a gain of about A$1.3 million (S$1.4 million) from the sale of its assets and equipment in Singapore for US$3 million.

The buyer has paid 75 per cent of the agreed US$3 million consideration and the remaining will be settled in due course, AusGroup said after Thursday trading close.

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