Source : Business Times - 31 Jul 2008
PAN-United Corp on Thursday granted an option to a Ms Meryani and/or nominee to buy its premises on the 13th floor of The Octagon at 105 Cecil Street. The sale price is S$9.4 million, excluding goods and services tax.
The sale price is S$67,000 above a valuation price obtained earlier this month and is S$2.6 million above book value. Pan-United said the premises were acquired for investment purposes in 1993.
One per cent of the sale price has been received by the company. The deal, if completed at the end of last year, would have increased earnings per share to 6.5 Singapore cents, from 6.03 Singapore cents.
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