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New Trend Lifestyle disposes of property in Singapore

By BFN News | 11:13 AM | Tuesday 26 March, 2013


New Trend Lifestyle Group (NTLG), the Singapore-based Feng Shui products and services group, has disposed of the property at 145/145A Sims Avenue in Singapore to Nanyang Hardware Pte for a consideration of S$3,350,000. In the admission document issued by NTLG in connection with its admission to AIM last June the company set out that it may be required to make the disposal in order to comply with the relevant governmental authority in Singapore. It was subsequently established that it was required to do so and this requirement has now been met through completion of the disposal. At 11:13am: (LON:NTLG) share price was 0p at 7.25p Story provided by StockMarketWire.com

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