COSCO Shipping's Subsidiary to Lease Land at Singapore's Tembusu Crescent

MT Newswires

2024/12/02

COSCO Shipping's (SGX:F83) wholly owned subsidiary, Cogent Jurong Island (CJI), accepted an offer by JTC Corp. to lease out a 25,000 square meter land at Tembusu Crescent in Jurong Island, Singapore, according to a filing with the Singapore Exchange on Friday.

Under the agreement, JTC will lease the land for 30 years, while CJI will develop the second phase of its Jurong Island Logistics Hub on the land.

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