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Mun Siong Engineering receives extension to obtain JTC approval of $11 mil property acquisition

Bryan Wu
Bryan Wu • 1 min read
Mun Siong Engineering receives extension to obtain JTC approval of $11 mil property acquisition
Mun Siong will now have until March 12 next year to obtain JTC's approval of its proposed acquisition from PH Hydraulics.
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Mun Siong Engineering’s $11 million property acquisition has received an extension to Mar 12 2023 to obtain Jurong Town Council’s (JTC) approval of the purchase.

The company had previously announced a proposed acquisition of the 26 Gul Way property from PH Hydraulics and Engineering on Oct 12. Mun Siong’s shareholders subsequently approved of the proposed acquisition during an Extraordinary General Meeting (EGM) held on
Nov 10.

The conditional sale and purchase agreement was originally subject to and conditional upon the written approval of JTC by Dec 12.

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