Roxy-Pacific to acquire resort property in the Maldives for US$31m
Add BT as a preferred source
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
ROXY-PACIFIC Holdings has entered into a sale and purchase agreement to acquire the leasehold interests over the Kudafunafaru island in the Maldives for US$31 million.
The acquisition involves its subsidiary, Roxy Hotels and Resorts, obtaining - among others - the head leasehold interest in the property, together with all assets, property, rights and economic interests, Roxy-Pacific said in a release to the Singapore Exchange.
The payment will be financed by internal funds and bank borrowings, where appropriate, it said. The deal is subject to approval from the government of Maldives.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
