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Accton (2345) Announces Subsidiary Lease of Factory Space in Singapore for SGD 40.1 Million

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AI Summary (NQ-processed)

Accton Technology Corp. announced that its Singaporean subsidiary has leased an industrial facility from JTC at Bulim Square to support long-term development.

AI Analysis

Frequently Asked Questions

Q: Where is the new facility located in Singapore?
A: The facility is located at 4 Bulim Lane 1, Bulim Square, Singapore 648116, an industrial hub managed by JTC.
Q: What is the size of the leased area?
A: The total area is 22,636.30 square meters, providing substantial space for operations.
Q: Was there an independent valuation for this lease?
A: Yes, an independent appraisal by Cheng Cheng Strait Real Estate Appraisers valued the lease at SGD 39.9 million.