Pollux Properties (SGX:5AE) has sold its investment property at 57B Devonshire Road in Singapore for SG$3.3 million through its subsidiary, Savers Investment, according to a Friday filing on the Singapore Exchange.
The option to purchase was exercised on Sept. 12.
With a book value of SG$3.38 million, the company anticipates a SG$100,000 loss on the sale. Proceeds will be used for debt repayment and working capital.
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