SLB says the proposed disposal would be an opportunity for the group to divest the investment in the property and would allow the group to enhance its cash flows.
It adds that it will also allow the group’s resources to be deployed for potentially higher yield development property projects.
Shares in SLB Development closed flat at 11.5 cents on Wednesday.
Read also:
- SLB Development makes maiden investment in UK property fund
- SLB sinks into the red with 3Q losses of $3.5 mil on lower revenue
- SLB Development looks to new horizons
Scroll to continue
