Keong Hong Dumps 20% Shares in JV With MCSK Pte. Ltd
Keong Hong Dumps 20% Shares in JV With MCSK Pte. Ltd
In connection with the proposed disposal, the parties have further on 3 December 2024 entered into an agreement to purchase (ATP), pursuant to which the Vendor agreed to arrange a definitive sale and purchase agreement to be entered into in relation to the proposed disposal.The group selling it for $34.5m.
该集团以3450万美元的价格将其出售。
Keong Hong Holdings Limited, the parent of Keong Hong Construction Pte Ltd, has announced that it is selling its 20% shares in Katong Holdings Pte. Ltd. to MCSK Pte. Ltd. for $34.5m
强宏建筑私人有限公司的母公司强宏控股有限公司宣布将出售其在加东控股私人有限公司的20％股份。Ltd. 到 McSK Pte.Ltd. 售价3450万美元
The group announced that on 8 November, it entered into an indicative non-binding term sheet agreement with MCSK in respect of the proposed divestment of its interest in Katong Holdings of 200,000 ordinary shares, and the discharge of the loans extended by them to Katong Holdings and any interest accrued or accruing to MCSK.
该集团宣布，它于11月8日与McSK签订了一项不具约束力的指示性条款表协议，内容涉及拟议剥离其在加东控股的20万股普通股权益，并解除他们向加东控股提供的贷款以及向McSK支付的任何应计或应计利息。
In connection with the proposed disposal, the parties have further on 3 December 2024 entered into an agreement to purchase (ATP), pursuant to which the Vendor agreed to arrange a definitive sale and purchase agreement to be entered into in relation to the proposed disposal.
关于拟议的出售，双方于2024年12月3日进一步签订了购买协议（ATP），根据该协议，卖方同意安排就拟议的处置签订最终买卖协议。
Katong Holdings is a Singapore-incorporated company owned by Keong Hong Holdings and MCSK for 20% and 80%, respectively. Katong Holdings was incorporated on 13 February 2014 and is primarily engaged in the business of property and hotel ownership and development.
加东控股是一家在新加坡注册的公司，由强宏控股和McSK持有，股权分别为20％和80％。加东控股于2014年2月13日注册成立，主要从事房地产和酒店所有权和开发业务。
The deal is expected to be completed by 27 February 2025.
该交易预计将于2025年2月27日完成。
