Solar panel maker in S$585m sale, leaseback deal
It will be business as usual for Singapore unit of Norway-headquartered REC at its Tuas South plant after proposed deal with Australia-based Logos Property
Singapore
THE Singapore unit of Norway-headquartered solar firm REC is understood to have entered into a proposed S$585 million sale-and-leaseback transaction on its Tuas South property.
The deal with Australia-based Logos Property, is one of the biggest of its kind here, and involves only the real estate; the fully-integrated solar-panel manufacturing facility it houses will continue to operate as normal.
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