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Tiong Seng Holdings Limited ( (SG:BFI) ) just unveiled an announcement.
Tiong Seng Holdings Limited announced the mutual termination of a land use rights agreement with the Tianjin Municipal Bureau of Planning and Natural Resources for a property in Zizhulin, Tianjin. The agreement involved the reacquisition of the state-owned land and buildings by the Tianjin Municipal Authority, with compensation to be paid to Tiong Seng’s subsidiary, Tianjin Zizhulin Development Co., Ltd. This move impacts the company’s planned commercial development in the area, which included conserving historical structures and expanding the site’s gross floor area.
More about Tiong Seng Holdings Limited
Tiong Seng Holdings Limited, incorporated in Singapore, operates in the construction and engineering industry. The company, along with its subsidiaries, is involved in various development projects, with a significant focus on the Chinese market, particularly in Tianjin.
Average Trading Volume: 303,431
Technical Sentiment Signal: Sell
Current Market Cap: S$33.2M
See more insights into BFI stock on TipRanks’ Stock Analysis page.