Singapore-listed Advance SCT says its unit Tsing Yi Enterprises has entered into a sale and leaseback agreement for a factory at Kranji Crescent. Tsing Yi will sell the property to Shingda Construction for S$6.3 million and lease it back. Based on the net book value of the property, the company will register a S$370,000 deficit from the proposed sale. However, Advance SCT says the move will enable it to...
