Natural Cool Grants Option to Purchase for Disposal of Industrial Property

MT Newswires

2025/02/06

Natural Cool (SGX:5IF) granted an option to purchase to ClosetDesign for the disposal of a property located at 9 Kaki Bukit Road, Singapore for SG$1.1 million, according to a filing with the Singapore Exchange on Wednesday.

The property is located at level 2 of a six-story multi-user ramp-up industrial development.

Net proceeds from the proposed sale will be used for the repayment of mortgage on the property and for general working capital needs.

Shares of the paint manufacturer were up over 3% in recent trading.

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