Straits Trading joint venture company sells Korean logistics real estate for 380 million yuan | Lianhe Zaobao
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Straits Trading's 47.3% owned South Korean joint venture Sky Logis, a private real estate investment company, has signed a contract to sell the Arenas Yeongjong logistics center in Incheon for 432 billion KRW (approximately SGD 377.6 million). The transaction is expected to be completed on January 29, and the transaction price aligns with the independent valuation at the end of last year. After deducting expenses and outstanding loans, a net cash inflow of 95.4 billion KRW (SGD 8.34 million) is expected, with an investment return rate exceeding 20%
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