Tye Soon Ltd. (SGX:T08) entered into five separate sale and purchase agreements to sell Units no. 42, 44, 46 & 48 on15th floor & car park no. 12 in Profit Industrial Building for HKD 10.7 million on January 2, 2013.

The net book value of the property as at December 31, 2012 was HKD 1.28 million and the gross rental income was HKD 0.31 million. Completion of each of the five sale and purchase agreements is expected to take place on various dates within 2013, Hence, the gain from the sale will contribute to Tye Soon‘s profit in financial year 2013. C S Surveyors Limited acted as valuator for the property.