King Wan (SGX:554) completed the proposed acquisition of a property located at 15 Joo Koon Way Singapore, according to a Monday filing with the Singapore Exchange.
Shares of the integrated building services company were down over 2% in Tuesday trading.
In an earlier filing, the company's subsidiary, King Wan Construction, exercised the option to purchase the property from Yeow San for SG$9.5 million.
The property has a leasehold interest for a term of 30 years. It comprises a single detached factory block with a rear extension and has a land area of 9353.9 square meters.