Singapore (Jan 3): Kim Heng Offshore & Marine Holdings announced Friday that wholly-owned subsidiary Kim Heng Marine & Oilfield has agreed to sell its property at 48 Penjuru Road in western Singapore for $18.5 million.

This will see Kim Heng incur an impairment loss of $6.5 million, as the property has a net book value of $25.0 million as at Sept 30, 2019.

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