King Wan (SGX:554) completed the proposed acquisition of a property located at 15 Joo Koon Way Singapore, according to a Monday filing with the Singapore Exchange.
Shares of the integrated building services company were down over 2% in Tuesday trading.
In an earlier filing, the company's subsidiary, King Wan Construction, exercised the option to purchase the property from Yeow San for SG$9.5 million.
The property has a leasehold interest for a term of 30 years. It comprises a single detached factory block with a rear extension and has a land area of 9353.9 square meters.
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