JE Cleantech Holdings Limited Announces Option Agreement to Sell One of its Industrial Properties
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JE Cleantech Holdings Limited (NASDAQ: JCSE) has announced an option agreement to sell its industrial property in Singapore for SGD7.393 million (USD5.48 million). The transaction is expected to complete by June 30, 2025, subject to certain conditions.
December 17, 2024 | 4:00 pm
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JE Cleantech Holdings Limited has entered into an agreement to sell its industrial property in Singapore, which could result in a net gain of approximately USD2.7 million. The sale is expected to complete by June 2025, pending certain conditions.
The sale of the industrial property is a significant transaction for JE Cleantech Holdings, potentially resulting in a net gain of USD2.7 million. This could positively impact the company's financials and stock price in the short term, assuming the conditions for the sale are met.
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