BY WONG WEI KONGJoint Venture Implementation Agreement • April 16th, 2013
Contract Type FiledApril 16th, 2013The Straits Trading Company (STC) has signed agreements with Far East Hospitality Trust (FEHT) and Serene Land Pte Ltd (a member of the Far East Organization group) which will monetise Rendezvous Grand Hotel Singapore and Rendezvous Gallery for an aggregate consideration of S$285 million, comprising S$217 million in cash and S$68 million in FEHT stapled securities.