Nov 6 (Reuters) - Wee Hur Holdings Ltd WHHL.SI :
* UNIT ENTERED CONTRACT FOR SALE ACQUISITION OF FREEHOLD INTEREST IN LAND IN SYDNEY FROM BP (LON:BP) AUSTRALIA PTY
* TOTAL PURCHASE CONSIDERATION FOR ACQUISITION A$46.1 MILLION
* UNIT TO RAISE ABOUT AUD50 MILLION IN EQUITY THROUGH INITIAL FUNDING
* UNIT WILL ALSO SEEK ADDITIONAL BANK FINANCING FOR PURPOSES OF ACQUISITION & DEVELOPING PROPERTY
* INTENDS TO REDEVELOP PROPERTY INTO A PROPOSE-BUILT STUDENT ACCOMMODATION