Oxley responds to SGX queries on Chevron House sale

Singapore

OXLEY Holdings has provided greater details on the price tag of up to S$1.025 billion for Chevron House, which it had agreed to sell to Golden Compass, a wholly-owned unit of US-based real estate fund AEW.

In response to Singapore Exchange (SGX) queries, the debt-laden property developer disclosed on Thursday that the 32-storey commercial development at 30 Raffles Place was valued at S$787 million as at end-June 2018.

The Oxley unit that owns it, Oxley Beryl, has a net tangible asset value of S$106.6 million and an enterprise value of S$1.025 billion.

Chev…