British And Malayan Trustees Limited has entered into an agreement to sell to ASA Global Pte. Ltd. and/or its nominee its property located at 17 Phillip Street, #08-00 Grand Building, Singapore 048695. The Property is currently held by the Company and treated as an investment and tenanted for rent. The sale price of the Property for purposes of the disposal is S$3,700,000. The Company expects to record an extraordinary gain of approximately S$3,500,000.
Source: BT Invest, 2 Jan 2014