The property has a remaining leasehold tenure of around 41 years and a total gross floor area (GFA) of about 149,293.3 sqm for industrial use.
Hong Leong Asia’s subsidiary Airwell Air-Conditioning Technology (China) Co. has divested its asset in Taicang, China, for a total cash consideration of RMB141 million ($28.3 million).
Airwell Air-Conditioning Technology on September 30 entered into a sale and purchase agreement (SPA) with Taicang Loucheng High-tech Group for the sale of its property at No. 82 Guangzhou East Road, Taicang, China and the state-owned construction land use rights, home ownership rights and the facilities and assets attached to the property.
