Roxy-Pacific acquires Changi freehold site for S$53.2m

Roxy-Pacific Holdings is acquiring a strata-development site at 80 Changi Road for S$53.2 million.

The freehold site has a land area of 2,455.7 square metres and will hold a proposed commercial development with a plot ratio of 3.0

The acquisition will be fully funded through Roxy-Pacific Holdings’ internal funds and bank borrowings.

It says the acquisition is not expected to have any material impact on its net tangible assets per share or earnings per share for this year.

Source : Channel NewsAsia – 13 May 2011

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