Proposed disposal of Epic Land's subsidiary for S$16.7m

Singapore

THE proposed disposal of a wholly owned subsidiary of Epic Land - a real estate investment holding consortium between Lian Beng Group, KSH Holdings, KOP and private capital firm Centurion Global - was announced on Monday.

For an aggregate consideration of S$16.7 million, the firms have executed a sale and purchase agreement to dispose the entire paid-up share capital of Epic Land (19-2) and the settlement of shareholders' loan to an unrelated third party.