Oxley, KSH, SLB and Heeton say Gaobeidian sales launch to be delayed

Singapore

OXLEY Holdings, KSH Holdings, SLB Development and Heeton Holdings said on Friday that the sales launch of Phase 1 of their Gaobeidian development project in China will be delayed.

Oxley holds an effective interest of 27.5 per cent in the project. KSH has an effective interest of 22.5 per cent, SLB Development's interest is not more than 10 per cent, and Heeton has an effective interest of 7.5 per cent.