Soon Hock Enterprise Secures SG$129 Million Loan For Industrial Redevelopment

MT Newswires09-22

Soon Hock Enterprise (SGX:SHE) unit Soon Hock (4) has secured three term loan facilities totaling up to SG$129 million from Maybank Singapore, according to a Monday filing with the Singapore Exchange.

The loan will be used to finance the remaining acquisition cost of SG$102.4 million for a property, which is expected to be redeveloped into a multi-use ramp-up B1 industrial building.

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