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Overseas Union Enterprise - S$283 million sale of 21 Angullia Park Finance | Real Estate Finance

Rodyk acted for Overseas Union Enterprise (OUE) in the sale of the property formally known as The Parisian located at 21 Angullia Park, via the sale of OUE's subsidiary OUE (Angullia) Pte Ltd to China Sonangol Land at the purchase price of S$283 million and acted in the discharge of the liabilities of OUE, OUE (Angullia) Pte Ltd and Angullia Development Pte Ltd, and the related restructuring with Standard Chartered Bank.

Corporate partners Jacqueline Loke and Terence Lin, real estate partner Leong Pat Lynn and finance partner Lee Ho Wah acted in this transaction, assisted by associates Jacquelynne Baey and Bernice Ong.