Maxi-Cash to buy four shops for S$23.7m from chairman's firm
Maxi-Cash says purchase will enable it to own the units instead of periodically renewing leases which could affect operations and costs
Add BT as a preferred source
Fiona Lam
Singapore
MAXI-CASH Financial Services Corporation is looking to buy four investment properties for a total cash consideration of S$23.7 million.
Its wholly-owned subsidiary, Maxi-Cash Property, on Tuesday entered into a conditional sale and purchase agreement with 8G Investment for the acquisition of the properties, several of which house its pawnbroking and retail businesses.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Singapore to introduce new corporate structure for insurance, speed up approval of new fund types: DPM Gan
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Singapore to upgrade PayNow, launch new finance institute to drive innovation
