King Wan's (SGX:554) subsidiary, King Wan Construction, exercised the option to purchase a property in Joo Koon Way, Singapore from Yeow San, according to a filing with the Singapore Exchange on Monday.
The proposed acquisition is to be completed by way of an assignment of the lease of the property for a total consideration of SG$9.5 million.
The property has a leasehold interest for a term of 30 years. It comprises a single detached factory block with a rear extension and has a land area of 9353.9 square meters.
Shares of the integrated building services company were up nearly 3% in recent trading.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。