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Hiap Hoe To Sell Australia Property For AUD116.3 Million
Daily Bulletin | 22 December 2015
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Hiap Hoe has entered into a formal contract of sale in relation to the proposed sale of the group’s freehold asset located at 206 Bourke Street, Melbourne, Australia.

The consideration for the property is AUD116.3 million, excluding goods and services tax. Currently, AUD5.8 million has been paid on the signing of the contract of sale and the balance of AUD 110.5 million shall be paid on the settlement which is scheduled to take place on 21 January 2016.

Hiap Hoe  -- -- --   
Business: Co is engaged in construction & devt ppties activities. [FY18 Turnover] Development properties (41.3%), hotel operations (37.5%), rental (16.7%), leisure (4.5%).

Insight: Feb-19, FY18 revenue slid 24.7% mainly due to lowe... Read More


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