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Located at 2 Leng Kee Road, Thye Hong Centre is a six-storey freehold industrial building nestled on a 5,952 sq m site. Image: Google Maps
SLB Development has completed its acquisition of all the strata units and common property in industrial development Thye Hong Centre.
In an SGX filing on Thursday (17 December), the company revealed that it paid the remaining sum of $106.9 million, which represents 95% of the $112.5 million purchase price.
With this, the company will now seek the approval of its shareholders for the proposed acquisition by way of ratification at an extraordinary general meeting to be convened by 17 March 2021.
Located at 2 Leng Kee Road, Thye Hong Centre is a six-storey freehold industrial building nestled on a 5,952 sq m site.
SLB proposed to acquire the industrial building in September, saying it intends to redevelop the land on which the property is situated.
“The company will make further announcements as and when there are any material developments concerning this matter,” it said on Thursday.
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