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BRIEF-Mencast Holdings' Unit To Dispose Property For S$13.5 Mln

March 25 (Reuters) - Mencast Holdings Ltd:

* UNIT GRANTED TO AN INDEPENDENT THIRD PARTY AN OPTION TO PURCHASE PROPERTY FOR S$13.5 MILLION

* EXPECTS TO RECEIVE NET PROCEEDS OF ABOUT S$13.3 MILLION FROM PROPOSED DISPOSAL Source text for Eikon: Further company coverage: