SGX:5BI

2 stories mentioning SGX:5BIUpdated 2d ago

Every FINWIRES story that references SGX:5BI, newest first.

Polaris Offers to Sell Singapore Office Unit to BC2 Asset Management

Polaris (SGX:5BI) has granted BC2 Asset Management an option to purchase its office unit at 81 Ubi Avenue 4, Singapore, for SG$980,000, according to a Thursday filing to the Singapore stock exchange.The company expects to record a gain of S$530,437, based on a book value of S$419,563 as of Dec. 31, 2025.Proceeds will be used to repay a SG$225,622 mortgage loan on the property, with the balance of SG$724,378 allocated to general working capital.

SGX:5BI

Asia109d ago

Polaris Completes Disposal of Property

Polaris (SGX:5BI) completed the disposal of an investment property named One Singapore, to Nan Kai Textiles, according to a Tuesday filing with the Singapore Exchange.Earlier the distributor and seller of mobile and other electronics granted Nan Kai an option to purchase the office unit for a consideration of SG$950,000.Net proceeds from the sale will be used to repay the mortgage loan on the property, with the remaining amount reserved for general working capital needs.

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