Soon Hock says that the proposed disposal is good opportunity to divest, given that the completion of the disposal will allow the group to realise a gain on disposal. This will provide aditional working capital for the group’s operations.
Soon Hock Enterprise has announced the proposed disposal of the property located at 8 Kaki Bukit Avenue for a sale price of $1.5 million.
The property is a leasehold property with a 60-year lease that commenced on Dec 15, 2010, and the purchaser of the property is not related to the directors of the company.
