It was used for the group’s internal use as office premises and operations. Kim Heng (SGX:5G2
) will consolidate its operations at its Pandan Crescent office which is where its yard is located.
Kim Heng’s wholly-owned subsidiary will be selling its property at 48 Penjuru Road to GreenTec Energy for a sale consideration of $13.5 million.
The property, which comprises a purpose-built four-storey single-user warehouse with ancillary offices, an open waterfront fabrication and a storage yard, has a site area of 19,512 sq metres and a floor area of 13,340.4 sq metres.
