Yamada Green Resources' (SGX:BJV) wholly owned subsidiary has secured approval for a loan worth 130 million yen in relation to the acquisition of land and a building in Osaka, Japan, according to a Monday filing to the Singapore bourse.
Earlier in the month, the company's subsidiary, Comrade, agreed to acquire COLOR's three-story apartment complex and land in Osaka for 253 million yen,
The loan will be for a period of 24 years, starting from Oct. 30, 2026, to Oct. 31, 2050, the company said.
Following the borrowing approval, the acquisition is expected to be completed on Oct. 30.
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