Shanaya Limited Extends Sale Option for Kian Teck Facility

Shanaya Limited (SG:SES) has released an update.

Shanaya Limited has announced an extension of the option to purchase for the Kian Teck facility sale to Arina International Holding, with the sale price and completion date remaining unchanged. The extension is contingent on shareholder approval within four months, and if not obtained, the sale will be voided with the Purchaser’s deposit refunded. This agreement also allows for two joint property inspections prior to completion, subject to approval from relevant authorities.

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