TMK Chemical's (KLSE:TMK) unit Chlor-Al Chemical accepted the option to purchase a parcel of leasehold land with a standard detached factory in Singapore from Chin Yuan Metal for SG$14.8 million, according to a Thursday Malaysian bourse filing.
The company will finance the deal through a combination of IPO proceeds and internally generated funds.
Located at 18 Tuas Street, Singapore, the property has a leasehold for a term of 29 years, expiring
on April 30, 2050. The lands has a gross floor area of about 5,636 square meters.
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