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In 2007, SPH sold out all of 273 units of Sky@eleven condo within 30 hours of its soft launch on the evening of Sunday, 28 January, even before the public launch which was scheduled for this weekend.
In a statement released to the media, then SPH Chairman and Director Dr Tony Tan said:
“We are extremely happy with the overwhelming response and at the same time very grateful to the buyers for their support for our exclusive development.”
However Dr Tony Tan did not reveal that his eldest son and daughter-in-law as well as a company partly owned by him and his immediate family had bought 3 units of Sky@eleven before its soft launch.
Below are the pre-sale options some directors asked for and obtained, as declared by SPH to its shareholders, but not reported in the press.
The Directors of Singapore Press Holdings Limited (“SPH” or the “Company”) wish to announce that the Board has approved the proposed sale of units (the “Units”) in the residential development known as Sky@eleven to the following persons who are interested persons of SPH pursuant to Chapter 9 of the Listing Manual of the Singapore Exchange Securities Trading Limited (the “Purchaser”):
- Tan Boon Huan, Peter, son of Tony Tan Keng Yam and Tan Yew Mei, daughter-in-law of Tony Tan Keng Yam
# 39-09
Sky@eleven
$1,871,000
- Bee Kiang (Private) Limited, a company in which Tony Tan Keng Yam and his immediate family have an interest of 30% or more.
# 41-01
Sky@eleven
$3,074,000
- Bee Kiang (Private) Limited, a company in which Tony Tan Keng Yam and his immediate family have an interest of 30% or more.
#41-02
Sky@eleven
- http://www.temasekreview.com/2011/0...n-and-family-make-from-sph-project-skyeleven/
In a statement released to the media, then SPH Chairman and Director Dr Tony Tan said:
“We are extremely happy with the overwhelming response and at the same time very grateful to the buyers for their support for our exclusive development.”
However Dr Tony Tan did not reveal that his eldest son and daughter-in-law as well as a company partly owned by him and his immediate family had bought 3 units of Sky@eleven before its soft launch.
Below are the pre-sale options some directors asked for and obtained, as declared by SPH to its shareholders, but not reported in the press.
The Directors of Singapore Press Holdings Limited (“SPH” or the “Company”) wish to announce that the Board has approved the proposed sale of units (the “Units”) in the residential development known as Sky@eleven to the following persons who are interested persons of SPH pursuant to Chapter 9 of the Listing Manual of the Singapore Exchange Securities Trading Limited (the “Purchaser”):
- Tan Boon Huan, Peter, son of Tony Tan Keng Yam and Tan Yew Mei, daughter-in-law of Tony Tan Keng Yam
# 39-09
Sky@eleven
$1,871,000
- Bee Kiang (Private) Limited, a company in which Tony Tan Keng Yam and his immediate family have an interest of 30% or more.
# 41-01
Sky@eleven
$3,074,000
- Bee Kiang (Private) Limited, a company in which Tony Tan Keng Yam and his immediate family have an interest of 30% or more.
#41-02
Sky@eleven
- http://www.temasekreview.com/2011/0...n-and-family-make-from-sph-project-skyeleven/
