Choo Chiang Completes Divestment of Singapore Commercial Property

MT Newswires2024-12-17

Choo Chinag (SGX:42E) completed the divestment of a freehold commercial property at 421 Tagore Industrial Avenue, Singapore, for SG$2.8 million, a filing with the Singapore Exchange said on Monday.

The commercial property has a strata floor area of about 4,133 square feet. It is currently leased out to a third party.

The divestment is part of the group's strategy to realign its portfolio and will be reflected in its earnings per share for the year ending Dec. 31.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment