GSH Corp says in talks to sell unnamed asset on SGX query

SINGAPORE (Dec 20): Property developer GSH Corporation, which has seen its share price nearly double over the last two months, is in talks to sell an asset it did not name.

“The company is in preliminary discussion in relation to a potential disposal transaction,” GSH announced late on Monday.

“No definitive legal documentation has been signed on the same matter,” said the company, which was responding to a query by the Singapore Exchange on its unusual share price movement earlier in the day.

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