Home Capital Property

AEI to sell Penjuru Lane property for $19 mil to help fund proposed transition into new businesses

Stanislaus Jude Chan
Stanislaus Jude Chan12/30/2019 6:9 PM GMT+08  • 2 min read
AEI to sell Penjuru Lane property for $19 mil to help fund proposed transition into new businesses
SINGAPORE (Dec 30): AEI Corporation has entered into a put and call option agreement to sell its premises at 12 Penjuru Lane in western Singapore to logistics provider ACW Holdings for $19 million – more than 10 times the book value of the property.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Dec 30): AEI Corporation has entered into a put and call option agreement to sell its premises at 12 Penjuru Lane in western Singapore to logistics provider ACW Holdings for $19 million – more than 10 times the book value of the property.

The single-storey property was used as the main venue for AEI’s manufacturing and extrusion activities before it relocated to its Tuas South factory in January 2017.

The land was leased from the Jurong Town Corporation (JTC) with a tenure of 30 years from June 1, 2013.

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)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.