Olayan Capital Pte. Ltd. agreed to acquire retail and banking units at 30 Raffles Place from Oxley Holdings Limited (SGX:5UX) and AEW Value Investors Asia III, L.P. managed by AEW Capital Management, LP for approximately SGD 320 million on May 19, 2020. The payment will be settled in cash. The buyer has deposited a refundable amount of SGD 3.15 million. Under the terms of the agreement, the buyer may opt to ink a binding sale-and-purchase agreement with Oxley Beryl by June 15, 2020. The Olayan Group entered into an agreement to acquire the retail and banking units at 30 Raffles Place from Oxley Holdings Limited and AEW Value Investors Asia III, L.P. managed by AEW Capital Management, LP on June 22, 2020. The transaction is expected to be completed by June 30, 2020. Olayan Capital Pte. Ltd. completed the acquisition of Retail and Banking Units at 30 Raffles Place from Oxley Holdings Limited (SGX:5UX) and AEW Value Investors Asia III, L.P. managed by AEW Capital Management, LP on June 30, 2020.