Singapore: Mencast sells Tuas property for S$6.35m

Singapore: Mencast sells Tuas property for S$6.35m

A tugboat passes Hanjin Hungary container ship at PSA's Tanjong Pagar terminal in Singapore September 28, 2016. REUTERS/Edgar Su/File Photo

Mencast Holdings, a regional MRO solutions provider for the offshore, oil & gas and marine sector, in a Thursday filing with the stock exchange, shared that the wholly-owned subsidiary S&W granted CES-Precast an option to purchase the leasehold industrial property for a consideration of S$6.35 million, with the possibility of being increased to S$6.88 million should a lease extension be obtained.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter