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Oxley takes 10% stake in Malaysia's Aspen for S$23.3m

Both companies may jointly develop projects in Malaysia or co-invest in projects in the region

Published Mon, Apr 30, 2018 · 09:50 PM

Singapore

PROPERTY developer Oxley Holdings is taking a 10.07 per cent stake in Aspen Group for S$23.28 million, or 24 Singapore cents per Aspen share.

The per-share price for the 97 million Aspen shares represents a 14.72 per cent premium over the volume weighted average price of 20.92 Singapore cents for Aspen's stock on April 27, the last full market day prior to both parties signing the agreement on April 30.

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