BBR Holdings unit to buy iMax SG Ventures for SGD32 million

Reuters

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BBR Holdings unit to buy iMax SG Ventures for SGD32 million

BBR’s unit Alika PBSA Holdings agreed to acquire 100% of iMax SG Ventures from Poh Qi Pin for a purchase consideration tied to an agreed property value of SGD 32 million.
iMax SG Ventures holds rights to a lease with Nanyang Technological University for a student hostel at 40 Nanyang Drive with 670 beds.
Payments at completion include repayment of about SGD 20.55 million owed by the target to a lender and settlement of outstanding amounts owed to the university lessor.
Knight Frank valued the leasehold interest in the property at SGD 33.8 million.
BBR plans to form a 50:50 joint venture with Proj X to provide operations and management services for the hostel.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BBR Holdings $(S)$ Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 7R0ZTNAO95VG69KF) on March 19, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BBR Holdings <a href=\"https://laohu8.com/S/S\">$(S)$</a> Ltd. published the original content used to generate this news brief via <a href=\"https://laohu8.com/S/SPXCF\">Singapore Exchange</a> Limited (SGX) (Ref. ID: 7R0ZTNAO95VG69KF) on March 19, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2401740654.USD","symbol_name":"FIDELITY SUSTAINABLE GLOBAL DIVIDEND PLUS \"A\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260319:nNDL9wQGLt:1","article_id":"2620247048","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620247048","pubTimestamp":1773921957,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BBR’s unit Alika PBSA Holdings agreed to acquire 100% of iMax SG Ventures from Poh Qi Pin for a purchase consideration tied to an agreed property value of SGD 32 million.iMax SG Ventures holds rights to a lease with Nanyang Technological University for a student hostel at 40 Nanyang Drive with 670 beds.Payments at completion include repayment of about SGD 20.55 million owed by the target to a lender and settlement of outstanding amounts owed to the university lessor.Knight Frank valued the leasehold interest in the property at SGD 33.8 million.BBR plans to form a 50:50 joint venture with Proj X to provide operations and management services for the hostel.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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