Choo Chiang Holdings Ltd (SG:42E) has released an update.
Choo Chiang Holdings Ltd. has reaffirmed its commitment to a shareholder-focused dividend policy, taking into account financial sustainability and projected growth. The company has also elaborated on its strategic acquisition of the Food Ascent properties, explaining its potential to enhance the investment portfolio despite initial borrowing costs and depreciation impacts. Additionally, the company justifies its property ownership strategy over renting, with considerations of the ease of relocation and current property utilization rates.
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