Sawindo Agri, a wholly-owned subsidiary of Kencana Agri, is disposing a property located at 36 Armenian Street for a consideration of US$2.33 million ($3.09 million) to one Foo Maw Shen.

In a filing to SGX dated April 27, Kencana Agri says the property, which is a unit located on the third floor, was previously used as a corporate office by Sawindo Agri and is a non-core asset. The property is currently vacant.

SEE:Kencana Agri reports smaller 3Q losses on lower interest expense, JV share of results

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