Olive Tree Estates (SGX:1H2) completed the divestment of five joint-venture real estate projects in Vietnam for $6 million, according to a Thursday filing with the Singapore Exchange.
The projects include minority stakes in Binh Duong, Ha Long, Dao Tri, and Hai Phong developments.
The buyer, Tjoa Thian Song, an investor in technology, education, and real estate, is acquiring the assets in cash.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.