22-02-2015, 10:04 PM
On 20 Dec 12, LC holding acquired the mixed-use property at Kensington High street for a net consideration of S$80.38 million. Supposedly, it will yield a steady rental income for the group in the long run. However, on 9 Feb 15, they disposed the property for S$ 41.0 million. Is there anything that I might have missed out on this? Aren't they running a net loss for this transaction?
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