The deposit is in addition to the option money which has been paid to Chutex on issuance of the option, which is 1% of the consideration price of about $14 million.
The property is a leasehold granted by Jurong Town Corporation with a 60-year lease term beginning Feb 20, 1984. It has a land area of 2,652.1 square metres and a built-up area of 6,617.9 square metres.
Shares in Aedge Group closed flat at 28 cents on Sept 22.
