BRIEF-Singapore Press Unit Proposes To Buy Stake IN KBS US Prime Property Management, Prime US REIT
June 28 (Reuters) - Singapore Press Holdings Ltd:
* UNIT ENTERED SUBSCRIPTION AGREEMENT WITH PRIME US REIT MANAGER TO SUBSCRIBE FOR UNITS IN PRIME US REIT
* CONSIDERATION PAYABLE FOR TPPL UNITS IS USD55 MILLION AND SHALL BE PAID IN CASH FOR SUBSCRIPTION
* KBS ASIA PARTNERS GRANTED TO UNIT CALL OPTION TO ACQUIRE 20%. STAKE IN KBS US PRIME PROPERTY MANAGEMENT FOR $14.6 MLN Source text for Eikon: Further company coverage: