Residences at Emerald Hill unit sold to company director's wife
Property developer Lafe Corporation plans to sell a unit at its project, Residences at Emerald Hill, to the spouse of a company director.
It said in a Singapore Exchange (SGX) filing on Friday that its subsidiary Lafe (Emerald Hill) Development is proposing to sell unit 08-03 to Mdm Yu Lo Si Rosy, Lafe Corporation group chief executive Christopher Ho Wing-On's wife.
Mdm Yu is regarded as an "interested person" in the firm, under Chapter 9 of the SGX securities trading listing manual.
The unit will be sold to her at $4,995,846, after a 2.5 per cent discount off the original selling price of $5,123,945.