Sin Heng Heavy Machinery to acquire property at Ghim Moh Road for $2.8 mil

Under the acquisition, the property is being sold with a condition of tenancy ending on Nov 30, 2026. 

According to the group, the acquisition is expected to be made for investment purposes.

The proposed acquisition is set to be completed nine weeks from the date of exercise of the option. 

The proposed acquisition is not expected to have any significant impact on the group’s financial performance for the current financial year ending Dec 31. 

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Shares in Sin Heng Heavy Machinery (SGX:BKA) closed 1.5 cents higher, or 3.0% up, at 51.5 cents on Nov 5.