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Sanli Environmental Secures 20-Year Lease Extension for Singapore Property

Story Highlights
  • Sanli Environmental Ltd. accepted a 20-year lease extension for its property in Singapore.
  • The lease extension requires development and investment, ensuring operational stability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sanli Environmental Secures 20-Year Lease Extension for Singapore Property

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The latest announcement is out from Sanli Environmental Ltd. ( (SG:1E3) ).

Sanli Environmental Ltd. has announced that its subsidiary, Sanli M&E Engineering Pte. Ltd., has accepted a 20-year lease extension offer from Jurong Town Corporation for a property at 22 Chin Bee Drive, Singapore. The lease extension, which begins in 2035, requires the company to develop the property according to specific guidelines and invest at least S$1.94 million in new plant and machinery. This move is expected to provide stability and continuity to Sanli’s operations.

More about Sanli Environmental Ltd.

Sanli Environmental Ltd. is a company based in Singapore, operating in the environmental engineering industry. Its primary services include mechanical and electrical engineering solutions, focusing on water and waste management systems.

Average Trading Volume: 1,958,329

Technical Sentiment Signal: Buy

Current Market Cap: S$55.2M

For an in-depth examination of 1E3 stock, go to TipRanks’ Overview page.

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