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Corporate digest

Published Wed, Nov 1, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Tiong Seng Holdings

TIONG Seng Holdings' subsidiary TSky (Jervois) has exercised its right to rescind the option to buy two freehold sites in Jervois Road - the necessary redevelopment approval for the sites was not granted to TSky Jervois "due to restriction of redevelopment plans for the remaining left-behind plots".

On July 17, Tiong Seng had announced that TSky (Jervois), its 60:40 joint venture company with Ocean Sky International, had exercised the option to buy the sites for S$21 million and would undertake the development of the plots.

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