The Assembly Place Guarantees Joint Venture's Loan

MT Newswires03-23

The Assembly Place (SGX:TAP) guaranteed a joint venture's loan to fund the acquisition, redevelopment and renovation of a property in Singapore, according to a Monday filing with the Singapore Exchange.

The company, which holds a 10% stake in the 163 TS Pte. Ltd. joint venture, guaranteed its loan of up to SG$22.5 million.

Shares of the provider of student accommodations were down over 2% at midday Monday.

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