JE Cleantech Holdings Limited ( (JCSE) ) has issued an announcement.
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JE Cleantech Holdings Limited has announced an agreement to sell its industrial property in Singapore for SGD7.39 million. The sale, expected to complete by June 2025, is anticipated to generate a net gain of approximately SGD3.7 million over the property’s book value. The transaction is expected to enhance operational efficiencies by consolidating manufacturing and dishwashing operations, leading to cost savings and improved management.
More about JE Cleantech Holdings Limited
JE Cleantech Holdings Limited, based in Singapore, is engaged in the sale of cleaning systems and other equipment, as well as providing centralized dishwashing and ancillary services. The company designs and manufactures precision cleaning systems for industrial use, primarily servicing customers in Singapore and Malaysia, and also offers cleaning services through its subsidiaries.
YTD Price Performance: 112.68%
Average Trading Volume: 386,355
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.56M
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