KUALA LUMPUR: Damansara REIT Managers Sdn BHD, the manager of Al-`Aqar Healthcare REIT, has terminated the sale of the Selea Tower for RM112mil cash consideration to Smartwheels Intelligence Sdn Bhd.
It said on Wednesday the cancellation of the sale took effect after the purchaser failed to settle the outstanding RM100.80mil on Aug 29 or 21 days after the notice was issued on Aug 8.
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