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Oxley to acquire 40% stake in Aussie property group

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Published Tue, Dec 6, 2016 · 09:50 PM

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    Singapore

    MARKING its expansion Down Under by tying up with a local partner, Singapore developer Oxley Holdings Limited is taking up a 40 per cent stake in Australian property group Pindan Group Pty Ltd for A$32 million (S$33.87 million).

    Under a share subscription agreement entered into on Dec 5, Oxley will subscribe for 61.41 million shares in Pindan Group.

    oxley holdingsReal estate

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