Mooreast to Divest 51 Shipyard Road for SG$30 Million; Shares Rise 10%

MT Newswires04-28

Mooreast (SGX:1V3) said its unit Mooreast Asia plans to divest a leasehold property in Singapore, according to a Monday filing with the Singapore Exchange.

Shares of the mooring services provider jumped over 10% in Tuesday trading.

Mooreast granted HLMG-Nuform System an option to purchase 51 Shipyard Road, a waterfront facility spanning about 30,691 square meters, for SG$29.7 million.

Proceeds from the sale will fund expansion and operational works at Mooreast's newly acquired facility at 60 Shipyard Crescent, which spans 98,919 square meters and will support subsea foundation fabrication and serve as a logistics hub to stage, store and assemble equipment.

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2630291483?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-28 13:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2630291483","market":"hk","top_or_hot":-1,"title":"Mooreast to Divest 51 Shipyard Road for SG$30 Million; Shares Rise 10%","media":"MT Newswires","content":"<html><body><p> <a href=\"https://laohu8.com/S/1V3.SI\">Mooreast</a> (SGX:1V3) said its unit Mooreast Asia plans to divest a leasehold property in Singapore, according to a Monday filing with the <a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>.</p><p>Shares of the mooring services provider jumped over 10% in Tuesday trading.</p><p>Mooreast granted HLMG-Nuform System an option to purchase 51 Shipyard Road, a waterfront facility spanning about 30,691 square meters, for SG$29.7 million.</p><p>Proceeds from the sale will fund expansion and operational works at Mooreast's newly acquired facility at 60 Shipyard Crescent, which spans 98,919 square meters and will support subsea foundation fabrication and serve as a logistics hub to stage, store and assemble equipment.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mooreast to Divest 51 Shipyard Road for SG$30 Million; Shares Rise 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMooreast to Divest 51 Shipyard Road for SG$30 Million; Shares Rise 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2026-04-28 13:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/1V3.SI\">Mooreast</a> (SGX:1V3) said its unit Mooreast Asia plans to divest a leasehold property in Singapore, according to a Monday filing with the <a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>.</p><p>Shares of the mooring services provider jumped over 10% in Tuesday trading.</p><p>Mooreast granted HLMG-Nuform System an option to purchase 51 Shipyard Road, a waterfront facility spanning about 30,691 square meters, for SG$29.7 million.</p><p>Proceeds from the sale will fund expansion and operational works at Mooreast's newly acquired facility at 60 Shipyard Crescent, which spans 98,919 square meters and will support subsea foundation fabrication and serve as a logistics hub to stage, store and assemble equipment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6073","symbol_name":"工业机械","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2630291483","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2630291483","pubTimestamp":1777353721,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Mooreast  said its unit Mooreast Asia plans to divest a leasehold property in Singapore, according to a Monday filing with the Singapore Exchange.Shares of the mooring services provider jumped over 10% in Tuesday trading.Mooreast granted HLMG-Nuform System an option to purchase 51 Shipyard Road, a waterfront facility spanning about 30,691 square meters, for SG$29.7 million.Proceeds from the sale will fund expansion and operational works at Mooreast's newly acquired facility at 60 Shipyard Crescent, which spans 98,919 square meters and will support subsea foundation fabrication and serve as a logistics hub to stage, store and assemble equipment.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6073":"工业机械","1V3.SI":"Mooreast","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","SG9999002406.SGD":"利安新加坡信托基金"},"translate_title":"Mooreast将以3000万新元剥离51 Shipyard Road；股价上涨10%","themeId":"b010cf239ffd4765bcd3edd8f767f746","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"1V3.SI":0.9},"content_text":"Mooreast (SGX:1V3) said its unit Mooreast Asia plans to divest a leasehold property in Singapore, according to a Monday filing with the Singapore Exchange.Shares of the mooring services provider jumped over 10% in Tuesday trading.Mooreast granted HLMG-Nuform System an option to purchase 51 Shipyard Road, a waterfront facility spanning about 30,691 square meters, for SG$29.7 million.Proceeds from the sale will fund expansion and operational works at Mooreast's newly acquired facility at 60 Shipyard Crescent, which spans 98,919 square meters and will support subsea foundation fabrication and serve as a logistics hub to stage, store and assemble equipment.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2630291483","isCrawlerRequest":true}