OUE Lippo Healthcare to Proceed With Termination of Two Trusts
OUE Lippo Healthcare to Proceed With Termination of Two TrustsOUE Lippo Healthcare 将着手终止两项信托
11:10 PM EST, 12/20/2022 (MT Newswires) -- OUE Lippo Healthcare (SGX:5WA) will proceed with the termination of two of its trusts that were established to hold three properties in Australia.
IHC Australia First Trust and IHC Australia Second Trust were established by the company to hold 553 St Kilda Road, 541 St Kilda Road and 73-79 Little Ryrie Street, Geelong, according to a Tuesday filing. The three properties were sold in October 2020.
The company also directed its relevant subsidiaries to proceed with the distribution of the balance of proceeds of AU$1.2 million from the sale of the properties.
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