by Blackjack » Mon Jun 21, 2010 5:45 pm
The Board of Directors of Aspial Corporation Ltd (“the Companyâ€) refers to its announcement made on 21 April 2010 that its subsidiary World Class Land Pte Ltd through its subsidiary World Class Developments (Bedok) Pte Ltd has entered into an agreement to acquire a freehold property at Lot 5230K of Mukim 27 (“the Propertyâ€) at the purchase price of S$54,300,000.
The acquisition was subject to the sellers obtaining the approval for sale from the Strata Titles Board (“the STB) under the Land Titles (Strata) Act (Cap.158), if necessary.
The Company is pleased to announce that the sellers have confirmed that the order of the STB is not required as all the sellers of the Property have agreed to the collective sale.
The Company will make further announcements as and when appropriate.