Natural Cool Holdings to acquire Woodlands Loop properties for $850,000

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.

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