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02 Apr 2025
Kim Heng to sell its property at 48 Penjuru Road for $13.5 mil, resulting in a loss on proposed sale of $1.65 mil
Summary: Kim Heng will sell its property at 48 Penjuru Road to Greentech Energy for $13.5 million, resulting in a loss of $1.65 million. The sale will improve the company’s cash position and net gearing, allowing for business consolidation and cost savings.