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Creative Technology sells US office building for US$11.13 mil

Felicia Tan
Felicia Tan7/8/2021 10:5 PM GMT+08  • 1 min read
Creative Technology sells US office building for US$11.13 mil
The proposed transaction is expected to contribute US$9.1 million to the group’s net profit.
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Creative Technologies has entered into a purchase and sale agreement with an unrelated buyer for the proposed sale of its property at 1901 McCarthy Boulevard in Milpitas, California, for a consideration of US$11.13 million ($15.0 million).

The agreement was signed by Creative’s wholly-owned subsidiary, C L Realty.

Under the agreement, the buyer will pay a deposit of US$1 million into an escrow account, which is refundable if the results of the review on the property is unsatisfactory.

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