July 22 (Bloomberg) - Singapore’s City Harvest Church doubled its stake in a downtown convention center last year to 39.2 percent for an additional S$54 million, the Straits Times reported, citing Executive Pastor Aries Zulkarnain.
The church bought 19.2 percent of Suntec Singapore for the amount, the newspaper said, citing Zulkarnain at a service at the convention center yesterday attended by 6,000. City Harvest first invested less than S$44 million for 20 percent of Suntec Singapore in 2010, the newspaper said. The property is partly owned by Suntec REIT.
To contact the editor responsible for this story: Linus Chua at firstname.lastname@example.org