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

Mequity Hills, which has since become an associate of Roxy-Pacific Holdings, entered into an agreement to acquire a 999-year leasehold residential site comprised within Lot 99458P and 99470L of TS 21 at 10A and 10B Institution Hill, Singapore at the purchase price of $33.6 million.

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