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ICP to sell Loyang property for $11.8m

Published Mon, Oct 7, 2013 · 10:00 PM

ICP Ltd announced yesterday that it would be selling its factory building and leasehold land at 5 Loyang Drive to Chang Hua Construction Pte Ltd for $11.8 million.

This was driven by continued losses at the group's electroplating business, which is carried out in the property.

ICP said it would cease its electroplating business which has been deteriorating for the las…

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Companies & Markets

Companies & Markets

ICP to sell Loyang property for $11.8m

Companies & Markets

UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration

Deutsche Bank has cut dozens in Asia private banking overhaul

Middle East violence heightens market fears of rate hikes, inflation

Tokyo's Nikkei drops more than 1,000 points, most in 3 years

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

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