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Tuan Sing to divest Robinson Point for S$500m

Sharanya Pillai

Sharanya Pillai

Published Mon, Aug 10, 2020 · 09:50 PM

Singapore

PROPERTY developer Tuan Sing Holdings is proposing to divest Robinson Point for S$500 million, the mainboard-listed firm announced in a bourse filing on Friday night.

Tuan Sing expects to realise a gain of about S$128.3 million on the sale. The proceeds may be recycled to fund committed investments, retire existing debts and fund general corporate and working capital needs, Tuan Sing said.

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