CFM (SGX:5EB) subsidiary CFM Infratrade has granted two options to Kirona for the potential sale of its leasehold interest in two industrial units at 3 Ang Mo Kio Street 62, #05-15 and #05-16, LINK@AMK, Singapore for SG$2.2 million.

As of June 6, the options have not been exercised but may be taken up between Oct. 1 and 14, according to a Friday Singapore bourse filing.

Unit #05-15 is currently vacant while unit #05-16 is still being used as the company's office. Plans are in place to relocate operations to a new site.

Net proceeds of about SG$627,000 from the sale will go toward the subsidiary's working capital after repayment of borrowings.