Roxy-Pacific Holdings has sold its land situated at 34 to 36 Mavis Street in Revesby, New South Wales, Australia at a sale price of A$10.8 million ($11.3 million).

The sale was conducted by Roxy-Pacific’s indirect associate in Australia, RPPG (Revesby), which is held through Roxy-Pacific Developments.

The sale is not expected to have a material impact on Roxy-Pacific’s consolidated earnings and net tangible assets (NTA) per share for the financial year ending Dec 31.

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Shares in Roxy-Pacific closed flat at 34.5 cents on March 15.