Summary
[Fantasia’s sale of equity in a residential development project in Singapore is expected to realize a net gain of S$3.794 million]On April 4, Fantasia Holdings announced on the Hong Kong Stock Exchange that its subsidiary sold all of its interests in the Singapore residential development project Parkwood Collection. The total consideration for the First Tranche Sale Shares and the Sale Loan is S$20.475 million, the First Tranche Sale Shares are equivalent to 39% of the issued share capital of the Project Company, and the Shareholder Loan for the Sale Loan. The consideration for the second tranche of sale shares is S$525,000, representing 1% of the issued share capital. Fantasia expects to realize the net proceeds of approximately S$3.794 million upon completion of the Disposal, and the proceeds will be used for general working capital purposes. (Interface News)
Fantasia HoldingsApril 4 at HKExannouncement, the subsidiary sold the entire interest in the Parkwood Collection project company, a residential development in Singapore.The total consideration for the First Tranche Sale Shares and the Sale Loan is S$20.475 million, the First Tranche Sale Shares are equivalent to 39% of the issued share capital of the Project Company, and the amount of the Sale Loan is equal to 39%.shareholderloan. The consideration for the second tranche of sale shares is S$525,000, representing 1% of the issued share capital. Fantasia expects to realize the net proceeds of approximately S$3.794 million upon completion of the Disposal, and the proceeds will be used for general working capital purposes.
(Article source: Interface News)