SINGAPORE (Sept 25): SLB Development has entered into a share sale and purchase agreement to dispose of wholly-owned subsidiary Wellprime, which owns a property at 50 Lorong 21 Geylang, for $13.5 million.

The property is a freehold industrial property with a land area of approximately 837.1 sqm, which SLB originally intended to redevelop into a multi-used light industrial building comprising 11 factory units and common facilities.

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