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Sabana Reit's Tuas property sale called off

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Published Sun, Mar 24, 2019 · 09:50 PM

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Singapore

SABANA Reit's divestment of a Tuas industrial building is off for now after the purchaser did not obtain approvals from JTC, a condition for the sale.

The buyer, Kim Soon Lee (Lim) Heavy Transport, is not prepared to further extend the long stop date, the Reit said in a statement to the Singapore Exchange (SGX) on Saturday.

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