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Nikkei Markets

Singapore's Keong Hong To Buy Commercial Building In Japan For S$11.84 Mln

By Singapore Newsroom
Nikkei Markets
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.
- By Singapore Newsroom; sgeditorial@nikkeinewsrise.com: +65 6331 6250
- Edited by Lopamudra Bhattacharya
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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