Singapore Post Limited completed the acquisition of General Storage Company Pte. Ltd.
General Storage Company reported net asset value of SGD 1.99 million for the year ended December 31, 2011. The transaction is subject to approval from the lessors and lenders of General Storage Company and is expected to complete in the fourth quarter of the financial year ending March 31, 2013.
Singapore Post Limited (SGX:S08) completed the acquisition of General Storage Company Pte. Ltd. on January 29, 2013. The consideration is adjusted, consideration for the share is SGD 14.49 million instead of SGD 15.6 million and consideration for loan is SGD 22.51 million instead of SGD 21.40 million.