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800 Super subsidiary to buy laundry firm for $5 mil

Stanislaus Jude Chan Published on Tue, Oct 03, 2017 / 6:51 PM GMT+8

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SINGAPORE (Oct 3): Wizwash, a wholly-owned subsidiary of 800 Super Holdings, has entered into a call and put option agreement to acquire a 100% stake in Iwash Laundry (Senoko) for $5.0 million.

Iwash Laundry is principally engaged in the business of laundry and dry cleaning services, except coin laundries. The company owns a leasehold property with an estimated gross floor area of 2,600 sq m at 80 Senoko Drive.

The proposed acquisition will be financed via a combination of internal funds and bank borrowings.

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800 Super subsidiary to buy laundry firm for $5 mil