According to the group, the discount is extended to all employees of the Figtree Holdings who are interested in purchasing a unit in Esme. No further special or preferential terms were accorded to the purchaser for the purchase of the unit.
The terms and conditions of the sale have been reviewed and approved by the audit committee.
In addition to the sale, there were also interests accrued amounting to $25,924 payable to the elder Siaw in relation to loans extended by him to the group, from Jan 1 to June 30.
Esme is located at 1 - 3 Minna Street, Blackburn, in Victoria.
See also: Mapletree Pan Asia Commercial Trust to divest Festival Walk Tower in Hong Kong for HK$1.96 bil
Shares in Figtree Holdings closed flat at 1.7 cents on Sept 2.
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