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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