Mooreast (SGX:1V3) received a deposit of SG$1.2 million for the sale of its subsidiary's leasehold property in Singapore to HLMG-Nuform System, which exercised its option to purchase the asset, according to a Thursday bourse filing.
The deposit represents 5% of the total consideration for the property, excluding the option fee of SG$297,000.
Earlier, the company's subsidiary, Mooreast Asia, granted HLMG-Nuform System an option to purchase the leasehold property for SG$29.7 million.
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