By Singapore Newsroom
SINGAPORE (Jun 29) -- Singapore's Keong Hong, a building construction company, said Thursday it has entered into an agreement to buy commercial building located in Minamihorie, Osaka, Japan, for approximately S$11.84 million ($8.59 million).
"The proposed acquisition will provide an alternative income stream for the group through rental income from the property," the company said in an exchange filing.
The acquisition will be funded by the group's internal resources and bank borrowings, it added.
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