Pollux Properties to Divest Singapore Asset for SG$4.2 Million

MT Newswires10-01

Pollux Properties (SGX:5AE) plans to sell a property at 57B Devonshire Road, Singapore, for SG$4.2 million via its wholly-owned subsidiary, Cherimoya Worldwide.

The property, with a gross floor area of 156 square meters, has a book value of SG$4.14 million, resulting in a projected gain of SG$60,000 from the sale.

The purchaser is an unrelated third party, according to a Monday filing on the Singapore Exchange.

An option to purchase was granted on Sept. 30, and an SG$42,000 deposit was received. The option expires on Oct. 14, and the balance is due on Feb. 3, 2025.

Proceeds from the sale will be used for debt repayment and working capital.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472399438?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-01 10:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2472399438","market":"sg","top_or_hot":-1,"title":"Pollux Properties to Divest Singapore Asset for SG$4.2 Million","media":"MT Newswires","content":"<html><body><p> Pollux Properties (SGX:5AE) plans to sell a property at 57B Devonshire Road, Singapore, for SG$4.2 million via its wholly-owned subsidiary, Cherimoya Worldwide.</p><p>The property, with a gross floor area of 156 square meters, has a book value of SG$4.14 million, resulting in a projected gain of SG$60,000 from the sale.</p><p>The purchaser is an unrelated third party, according to a Monday filing on the Singapore Exchange.</p><p>An option to purchase was granted on Sept. 30, and an SG$42,000 deposit was received. The option expires on Oct. 14, and the balance is due on Feb. 3, 2025.</p><p>Proceeds from the sale will be used for debt repayment and working capital.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pollux Properties to Divest Singapore Asset for SG$4.2 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPollux Properties to Divest Singapore Asset for SG$4.2 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-01 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pollux Properties (SGX:5AE) plans to sell a property at 57B Devonshire Road, Singapore, for SG$4.2 million via its wholly-owned subsidiary, Cherimoya Worldwide.The property, with a gross floor area of...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6117","symbol_name":"房地产开发","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2472399438","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472399438","pubTimestamp":1727750664,"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Pollux Properties  plans to sell a property at 57B Devonshire Road, Singapore, for SG$4.2 million via its wholly-owned subsidiary, Cherimoya Worldwide.The property, with a gross floor area of 156 square meters, has a book value of SG$4.14 million, resulting in a projected gain of SG$60,000 from the sale.The purchaser is an unrelated third party, according to a Monday filing on the Singapore Exchange.An option to purchase was granted on Sept. 30, and an SG$42,000 deposit was received. The option expires on Oct. 14, and the balance is due on Feb. 3, 2025.Proceeds from the sale will be used for debt repayment and working capital.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6117":"房地产开发","BK6512":"房地产股","5AE.SI":"POLLUX PROPERTIES LTD."},"translate_title":"Pollux Properties将以420万新加坡元剥离新加坡资产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5AE.SI":0.9},"content_text":"Pollux Properties (SGX:5AE) plans to sell a property at 57B Devonshire Road, Singapore, for SG$4.2 million via its wholly-owned subsidiary, Cherimoya Worldwide.The property, with a gross floor area of 156 square meters, has a book value of SG$4.14 million, resulting in a projected gain of SG$60,000 from the sale.The purchaser is an unrelated third party, according to a Monday filing on the Singapore Exchange.An option to purchase was granted on Sept. 30, and an SG$42,000 deposit was received. The option expires on Oct. 14, and the balance is due on Feb. 3, 2025.Proceeds from the sale will be used for debt repayment and working capital.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472399438"}