The land was leased from the Jurong Town Corporation (JTC) with a tenure of 30 years from June 1, 2013.
SINGAPORE (Dec 30): AEI Corporation has entered into a put and call option agreement to sell its premises at 12 Penjuru Lane in western Singapore to logistics provider ACW Holdings for $19 million – more than 10 times the book value of the property.
The single-storey property was used as the main venue for AEI’s manufacturing and extrusion activities before it relocated to its Tuas South factory in January 2017.
