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Perennial Real Estate and Pontiac Land reach settlement on Capitol Singapore

Published Wed, Jan 3, 2018 · 09:50 PM
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Singapore

THE deadlock in the fate of Capitol Singapore is finally coming to an end after its major shareholders Perennial Real Estate Holdings Limited and Pontiac Land reached a settlement agreement.

The pact inked on Jan 3 provides a mechanism for either Perennial or Pontiac Land to purchase all of the others' shares in the iconic heritage property.

Perennial said on Wednesday that a settlement agreement was signed by its wholly owned subsidiaries Perennial (Capitol) Pte Lt…

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