Compulsory acquisition of St Laurence Properties

With the amalgamation on December 31 of eight property syndicate companies, St Laurence Property and Finance now holds 93.61 per cent of the shares in the amalgamated company, St Laurence Properties.

SLPF will now compulsorily acquire outstanding shares in St Laurence Properties for 89.2c a share by the end of March.

St Laurence Properties owns 13 properties with a combined market value of $104.7 million.