The property has a net book value of $15.1 mil, resulting in the over $1 mil loss which the group says is justified as it will improve its net cash position and gearing.
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The Edge Singapore is an independent publication that offers readers in-depth and analytical coverage on business and investments, views on the economy and social issues that affect us all. Facebook: https://www.facebook.com/theedgesingapore Telegram: https://t.me/theedgesg Twitter:https://twitter.com/readtheedge_sg
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https://www.theedgesingapore.com/
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