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BRIEF-Noel Gifts International Posts Update On Proposed Collective Sale Of 50 Playfair Road Singapore 367995

Reuters SG

Nov 24 (Reuters) - Noel Gifts International Ltd :

* UPDATE ON PROPOSED COLLECTIVE SALE OF 50 PLAYFAIR ROAD SINGAPORE 367995

* COLLECTIVE SALE COMMITTEE ACCEPTED TENDER BID BY A MEDIUM-SIZED DEVELOPER FOR COLLECTIVE SALE

* GROUP'S SHARE OF CONSIDERATION IS ESTIMATED TO BE S$30.6 MILLION

* ACCEPTED TENDER BID AT CONSIDERATION OF S$81.2 MILLION Source text for Eikon: Further company coverage: