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Court rules against S$17.5m collective sale of Beauty World Food Centre

Tue, Feb 20, 2018 – 1:58 PM

[SINGAPORE] A potential S$ 17.5 million collective sale of the Beauty World Food Centre has been stalled, after the High Court on Tuesday declined to give three of its trustees the power to go ahead with the deal.

In a decision delivered in chambers, the court said the price may not be the best available because the option to purchase was granted to the interested buyer before a valuation was made.

However, this does not preclude the truste…
The Business Times

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