SINGAPORE (Nov 7): OKH Holdings, a wholly-owned subsidiary of OKH Global, is divesting its three-storey workers’ dormitory at Seatown Industrial Centre in Tuas South for $24 million.
The purchaser is Tuas Seatown Dormitory, an associated company of OneApex – the egg farmer-turned-property group formerly known as Chews Group.
OKH says it expects to record a gain on disposal of $1 million, based on a valuation of $23 million in a valuation report in July.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)