JE Cleantech Holdings Limited Announces The Sale of One of its Industrial Properties

Company Overview - JE Cleantech Holdings Limited is based in Singapore and primarily engaged in the sale of precision cleaning systems and other equipment, as well as providing centralized dishwashing and ancillary services [2] - The company operates through its subsidiary, JCS-Echigo Pte Ltd, which designs, develops, manufactures, and sells cleaning systems for various industrial applications, mainly targeting customers in Singapore and Malaysia [2] - The cleaning systems are designed for precision cleaning, featuring particle filtration, ultrasonic or megasonic rinses, high-pressure drying technology, and deionized water rinses to effectively remove contaminants [2] Recent Developments - JE Cleantech Holdings Limited announced the completion of the sale of its leasehold industrial property located at 17 Woodlands Sector 1, Singapore, for approximately SGD$7.39 million (USD$5.68 million) [1] - The sale resulted in a net gain of approximately SGD$3.70 million (USD$2.85 million) over the net book value [1] - The transaction was made with an unaffiliated third party under a previously announced option to purchase agreement [1]