TA Global to get RM828mil from Aussie property sale
Khoo: We cannot slow down or stop rolling out projects just because the market conditions are slow.
Company to use proceeds to repay loans and fund projects
PROPERTY developer TA Global Bhd is set to unlock A$245mil (RM827.8mil) from the proposed sale of its Sydney land, with the bulk of the proceeds to be used to repay borrowings, fund ongoing projects and on potential acquisitions.
The company, which has entered a put-and-call option deed with Karimbla Properties Pty Ltd, plans to dispose of the remaining 24.26 acres of undeveloped land at its Little Bay Cove development.
...
The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Stocks
| 5158 | 0.000 |
Comments