Boustead Projects, through its wholly-owned subsidiary, BP-Real Estate Investments, has, together with Roark Capital and Lim Teck Lee Investments (collectively the purchasers), entered into a notes purchase agreement (NPA) with Onward Capital, Fabia Enterprises, Good Crown and Key Trading (collectively the vendors).

The agreement stipulates that the purchasers agree to acquire $110 million in principal notes due Nov 30, 2020 issued by SC Aetas (Cayman) under the subscription agreements dated July 29, 2019.

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