GSH Corporation Limited

Sale of GSH’s office units in Cecil Street not going ahead - THE EDGE SINGAPORE

Property

Sale of GSH’s office units in Cecil Street not going ahead

The termination of the purchase will not affect GSH's financial results materially.

Property

GSH sells office units in Cecil Street for $38.8 mil

Based on GSH's accounts for the FY2022 ended Dec 31, 2022, the property’s book value stood at $27.1 million.

Company in the news

GSH Corporation obtains loan facilities of up to $150 mil on condition that Sam Goi remains controlling shareholder

If a breach in any of the conditions occurs, the lender is entitled to demand GSH Corporation repay the loan.

Results

GSH Corp sinks into 1Q loss of $1.35 mil on lower revenue & higher expenses

SINGAPORE (May 5): Property developer GSH Corp sunk into losses of $1.35 million for the first quarter ended March, versus a profit of $2.8 million posted in the same quarter a year ago.
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