BreadTalk granted option to buy Holland Village shophouse for about S$16.2m
BREADTALK Group said on Tuesday evening that it has been granted an option to purchase a corner freehold shophouse in Holland Village at a consideration of about S$16.2 million.
The option for the property located at 22 and 22A Lorong Mambong shall remain valid until 4pm on Oct 9, 2017.
The purchase consideration for the property is S$16.2 million and is subject to Goods and Services Tax.
BreadTalk intends to fund the purchase of the property by internal resources.
The sale and purchase of the property remains subject to, among others, BreadTalk's solicitors receiving satisfactory replies to their legal requisitions and applications for interpretation plans to the various government departments and the Land Transport Authority (Rapid Transit Systems).
If the group does not exercise the option on or before the stipulated deadline, the offer shall lapse and the option money paid will be forfeited.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive