Pollux Properties

Pollux Properties: Has exercised option to purchase remaining unit no 537 of plot in East Coast Road. Co has acquired 531 to 537C East Coast Road, approx 1.4k sqm of freehold land with plot ratio of 1.4, for $16.9m and intends to redev the property. Co intends to finance this acq through internal resources and bank borrowings. This acq is equivalent to 106.1% of co's mkt cap of $15.9m as at 27 Oct.