New Trend Lifestyle Group sells property for 1.8m pounds
AIM-listed New Trend Lifestyle Group (NTLG) , the Singapore-based Feng Shui products and services group, has disposed of a property at 145/145A Sims Avenue in Singapore to Nanyang Hardware Pte Limited (Nanyang).
AIM-listed New Trend Lifestyle Group (NTLG) , the Singapore-based Feng Shui products and services group, has disposed of a property at 145/145A Sims Avenue in Singapore to Nanyang Hardware Pte Limited (Nanyang).
The sale was for a consideration of S$3.35m (£1.78m).
NTLG said the property had an asset value of S$3.19m (£1.69m) and the disposal generated a profit of S$162,667 (£86,437) for it.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It will apply the cash proceeds to settle the loan raised on the property of S$2.22m (£1.18m) and pay transaction costs estimated at S$476,958 (£253,466). NTLG also said that the balance of the proceeds would be utilised for working capital.
Following the disposal, the company said it would transfer the Sims Avenue business to new premises in Chinatown Point Mall.
NTLG's share price was unchanged at 7.25p on Tuesday.
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Emerging markets boast top growth stocks at bargain prices
Opinion Lim Wen Loong, investment director at Ashoka WhiteOak Capital, selects three growth stocks where he’d put his money
-
Beware the bubble in bitcoin treasury companies
Bitcoin treasury companies are no longer coining it. Short this one, says Matthew Partridge