CSE Global's Unit to Sell Industrial Property in Texas

MT Newswires

2025/01/06

CSE Global's (SGX:544) indirect wholly owned subsidiary, Volta Properties, agreed to sell its industrial property located in Houston, Texas, US, to Gladstone Commercial.

The property is an industrial manufacturing property with two buildings around 16.68 acres of land, according to a filing with the Singapore Exchange on Friday.

The aggregate value of the consideration for the proposed disposal is $29.3 million.

Proceeds raised from the disposal will be used to free up capital to purchase a larger property in US.

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