Singapore Kitchen Equipment Unit Grants Option to Purchase Factory
MT Newswires
Aug 07
Q'son Kitchen Equipment, a wholly-owned subsidiary of Singapore Kitchen Equipment (SGX:5WG), granted an option to Framex Global to purchase its property in Singapore for SG$8.5 million, according to a Thursday filing to the Singapore stock exchange.
The property is situated in the light industrial development known as "Henderson Industrial Park", and functions primarily as a warehousing and factory facility of the company.
The proceeds from the proposed disposal will be used for the company's core business and liquidity.
The land will be sold at a profit of about SG$1.5 million over the net book value of the property of around SG$7 million as at Dec. 31, 2025.
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