MI Technovation to Buy Singapore Industrial Property for SGD 103.88 Million

Bitget2026/10/30 09:49

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MI Technovation agreed to acquire Singapore's KHL Building through subsidiary Ohima International for SGD 103.88 million in cash on October 30, 2026.
The seller is Kim Hup Lee; the seven-story industrial property will become the vehicle technologies unit's global operational hub.
Indicative funding includes SGD 77.4 million in bank borrowings, with the balance from Mi Material listing proceeds and internal funds.
Completion is targeted for the first quarter of 2027, subject to shareholder approval and other conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MI Technovation Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3720897) on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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MI Technovation to Buy Singapore Industrial Property for SGD 103.88 Million

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