MTQ to Sell Premier Estate for SG$12 Million

MT Newswires

06/08

MTQ (SGX:M05) entered into a conditional sale and purchase agreement to sell its subsidiary, Premier Estate to H3 Engineering Services for SG$12 million, according to a Friday filing with the Singapore Exchange.

The subsidiary's sole asset is an industrial property at 54 Loyang Way, Singapore.

The disposal is part of the company's strategy to realize the value of its non-core and surplus assets.

The company said proceeds from the transaction will be used for general working capital purposes.

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