SUBSCRIBERS
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 last three financial years.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sumitomo to bolster shareholder returns in new mid-term plan
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
ST Engineering bags more than S$175 million in contracts to upgrade Singapore’s public bus fleet
ING unveils 2.5 billion euros buyback as profit beats estimates
Prosper Cap halts operations at UK hotel after fire breaks out
DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S$2.95 billion