Corporate digest (Amended)
Roxy-Pacific Holdings
PROPERTY developer Roxy-Pacific Holdings has agreed to acquire five adjoining two-storey shophouses in Bukit Panjang for S$17 million in total, it said in a Singapore Exchange filing on Tuesday. The shophouses in question are the even-numbered ones from 826/A to 834/A Upper Bukit Timah Road.
It said that the shophouses were on a freehold residential site with an estimated total land area of 10,256 sq ft and an existing plot ratio of 2.5 under Singapore's 2014 land use master plan. The agreement to purchase was done via its subsidiary RH Capital, and the acquisition will be paid for with internal funds and bank borrowings, Roxy-Pacific said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Nvidia supplier SK Hynix says HBM chips almost sold out for 2025
Jim Beam owner bets on canned vodka cocktails to double revenue
Hot stock: Nio climbs about 19.8% on stronger vehicle delivery performance
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Hot stock: DBS hits all-time high on record Q1 net profit
Japanese companies struggle with yen’s continued weakness