Pollux Properties (SGX:5AE) will dispose of its freehold property at 57B Devonshire Road in Singapore for SG$4.3 million, according to a Tuesday filing on the Singapore Exchange.
Cherimoya Worldwide, a unit, granted an option to purchase to an unrelated third party.
The sale price matches the property's book value, resulting in no gain or loss. Proceeds will be used for debt repayment and working capital.
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