Mequity Hills, the indirect associated company of Roxy-Pacific Holdings, has acquired a 999-year leasehold residential site situated at Lot 99474V of TS 21 at 11 Institution Hill, Singapore for the purchase price of $23 million.

Roxy-Pacific, on Feb 18, subscribed for 840,000 shares in Mequity Hills for $840,000, through its wholly-owned subsidiary, RP Ventures.

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