3 stories mentioning SGX:5BIUpdated 27d ago
Every FINWIRES story that references SGX:5BI, newest first.
BC2 Asset Management has exercised its option to purchase Polaris' (SGX:5BI) investment property in Singapore for SG$980,000, according to a Wednesday filing with the Singapore Exchange.The smart mobile device and lifestyle electronics retailer received 5% of the consideration, with the remaining 95% payable on completion, slated for Oct. 21.
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.
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.
