Imperium Crown to seek shareholders' nod to exit Japan property entirely
Add BT as a preferred sourcePublished Fri, Dec 30, 2016 · 11:16 AM
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PROPERTY investment group Imperium Crown plans to sell all its properties in Japan and will convene an extraordinary general meeting to get the green light from shareholders, it said in a Singapore Exchange filing on Friday.
Its decision comes just two years after it entered the Japanese property market.
Its Japanese properties had a net fair value loss of S$16.5 million in its financial year ended June 30 this year, it said, blaming in part softer rents.
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