Natural Cool Holdings’ 80%-owned subsidiary SFB Holdings has exercised an option granted by Leong Chai Kee Food Manufacturer, a third-party vendor to purchase the properties at 15 Woodlands Loop #04-15 and #04-16 for a consideration of $850,000.

The properties are two adjoining food factory units located on the fourth floor of a four-storey ramp-up food factory block comprising office and production spaces.

Both properties have a 30-year leasehold granted by Jurong Town Corporation that commenced on June 1, 1997. Their remaining lease period is 6.2 years and 6.1 years for units #04-15 and #04-16 respectively.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook