Centurion seizes 65% stake in Manna 777 to build new Kim Chuan dormitory
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Centurion Corporation Limited (CCL) has acquired a 65% stake in Manna 777 Properties Pte. Ltd. for $4.81 million, covering a 975.9 sqm site for workers' housing. The acquisition is based on Manna 777's net asset value of $5.87 million as of January 31, 2026. CCL will also invest an additional $1 million to be capitalized into shares. Following the acquisition, a joint venture will be formed with ACKC and Mulberry to develop workers' accommodation, pending regulatory approvals. The acquisition is not expected to impact CCL's financials significantly for FY2026.
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