Second Chance to sell Lucky Plaza Units for S$13.39m
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MAINBOARD-LISTED Second Chance Properties announced on Tuesday (Nov 15) that the Lew Foundation has exercised the option to purchase its Lucky Plaza units under subsidiary Better Chance Properties (BCP) for S$13.39 million.
The Lew Foundation was founded by businessman Lew Chee Beng.
The group disclosed in June that the potential buyer of the units, #01-56/57/58/59, was Lew and/or his nominee, and that he had been granted the option to purchase the units in the Orchard Road shopping mall for a total consideration of S$13.39 million.
The option would have expired on Aug 1. An option fee of 1 per cent of the sale price has been paid to BCP.
Shares of Second Chance closed flat at S$0.24 on Tuesday, before the announcement.
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