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BRIEF-TEE Land updates on acquisition of commercial units and car park lots in Sydney

Published 21/10/2015, 08:16 pm
© Reuters.  BRIEF-TEE Land updates on acquisition of commercial units and car park lots in Sydney

Oct 21 (Reuters) - TEE Land Ltd TEEL.SI :

* Acquisition of commercial units and car park lots in Sydney, Australia

* Says group will finance the acquisitions using its own internal funds and bank borrowings

* Unit entered into joint venture with peter & January clark (levey street) pty ltd and kenmooreland pte ltd

* Says acquisitions are expected to be completed in January 2016

* Acquisitions not expected to have material impact on group's NTA or EPS for the financial year ending 31 May 2016

* Source text for Eikon ID:nSNZ9mCnGM

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