Polaris Moves Forward with Property Sale After Buyer Exercises Option
Polaris said buyer Global Asia Printings exercised its option to purchase its investment properties at 81 Ubi Avenue 4 in Singapore, according to a Monday filing on the Singapore Exchange. The company received 5% of the sale price as a deposit, with the remaining 95% due upon completion, expected within eight weeks. Polaris had previously issued the option to purchase in January.
Polaris said buyer Global Asia Printings exercised its option to purchase its investment properties at 81 Ubi Avenue 4 in Singapore, according to a Monday filing on the Singapore Exchange.
The company received 5% of the sale price as a deposit, with the remaining 95% due upon completion, expected within eight weeks. Polaris had previously issued the option to purchase in January.
