Wee Hur exercises option to buy MacPherson Rd property

Mainboard-listed construction firm Wee Hur Holdings has exercised its option to purchase a property at No.459, MacPherson Road for S$3.85 million.

The firm says the purchase price and costs of redevelopment will be financed by internal funds and bank borrowings.

Subject to obtaining all the necessary approvals from the relevant authorities, the firm intends to redevelop the property for investment purposes.

Source : Channel NewsAsia – 21 Jul 2010