DBS Trustee buys Coliwoo property for $134m
The sale was completed on 30 September.
DBS Trustee Limited has exercised its option to buy a property at 141 Middle Road, Singapore, from Coliwoo (TK) Pte. Ltd. for $134m.
DBS Trustee exercised the call option and served the required notice to the vendor, resulting in a binding sale and purchase agreement for the property and its plant and equipment, Coliwoo said in a bourse filing.
Coliwoo (TK) Pte. Ltd. is an 80% subsidiary of Coliwoo Holdings Limited.
The proposed sale was previously announced by Coliwoo in August, with details set out in a circular to shareholders dated 10 September.