Teo Seng Plans to Sell Singapore Factory for S$8.5m
Teo Seng Plans to Sell Singapore Factory for S$8.5m
Teo Seng Capital Bhd plans to sell its two-storey factory in Singapore for S$8.5 million (RM29.4 million) to divest its under-utilised assets and strengthen its financial position.
Teo Seng Capital Bhd计划以850万新元（合2940万令吉）的价格出售其在新加坡的两层楼工厂，以剥离其未充分利用的资产并巩固其财务状况。
In an exchange filing today (Nov 14), Teo Seng said the move comes as the company faces regulatory limitations affecting its egg exports to Singapore, leading to the property's under-utilisation.
Teo Seng在今天（11月14日）的交易所文件中表示，此举是在该公司面临监管限制之际采取的，这些限制影响了其向新加坡的鸡蛋出口，导致该物业的利用率不足。
The property, currently used by Teo Seng Group for operations in Singapore, also houses a central kitchen rented by LHK Food Industries Pte Ltd until Aug 14, 2024.
该物业目前由Teo Seng集团用于在新加坡开展业务，还设有LHK食品工业私人有限公司在2024年8月14日之前租用的中央厨房。
The proposed sale involves its subsidiary, BH Fresh Food Pte Ltd (BHFF) and Rachelle The Rabbit Meadery Pte Ltd (the purchaser).
拟议的出售涉及其子公司BH Fresh Food Pte Ltd（BHFF）和Rachelle The Rabbit Meadery Pte Ltd（买方）。
The sale is seen as an opportunity for Teo Seng to streamline its assets.
此次出售被视为Teo Seng精简资产的机会。
The purchaser Rachelle The Rabbit Meadery Pte Ltd specialises in distilling, rectifying, and blending spirits, including ethyl alcohol production from fermented materials.
购买者Rachelle The Rabbit Meadery Pte Ltd专门从事蒸馏、精馏和混合烈酒，包括用发酵材料生产乙醇。
In today's trading, Teo Seng shares closed at 1.38 sen, down 3% (4 sen) with a market capitalisation of RM414 million.
在今天的交易中，Teo Seng股价收于1.38美分，下跌3％（4秒），市值为 RM414 百万美元。
译文内容由第三方软件翻译。