Sept 21 (Reuters) - Singhaiyi Group Ltd SIHL.SI :
* TO PARTIALLY DISPOSE 17.5 MILLION CROMWELL PROPERTY GROUP SECUTIRITIES
* ACCEPTED PROPORTIONAL TENDER OFFER BY ARA REAL ESTATE INVESTORS 28 FOR PARTIAL DISPOSAL OF CROMWELL SECURITIES
* AGGREGATE SALE CONSIDERATION OF A$16.1 MILLION
* GAIN ON DISPOSAL OF A$2.1 MILLION
* FOLLOWING COMPLETION OF DISPOSAL, CO WILL OWN 1.6% STAKE IN CROMWELL