Sim Lian

Sim Lian: to purchase a f/h commercial property with existing NLA of 8,664 sm located at 50 Margaret Street, in the financial precinct of Sydney, Australia for an aggregate consideration of A$65.3m, vs an open mkt valn of A$67m. The group remains committed to seeking strategic invmt opportunities for its ontinued growth and is focused on building a stable base of recurring income to smoothen its fluctuating devt profits. The property is Sim Lian’s first commercial asset in Australia and may provide opportunity for the group to explore any further redevt potential in future. Invmt to be financed by internal funds and bank borrowings.