Starburst unit to sell Tuas property for $7.0 mil

SINGAPORE (Nov 30): Firearms-training facilities provider Starburst Holdings on Wednesday announced that wholly-owned subsidiary Starburst Engineering is selling its leasehold property at 6 Tuas West Street in Singapore to United Steel for $7.03 million.

The property, with a land area of approximately 3,905 sq m and a gross floor area of approximately 2,308 sq m, was used as corporate office and fabrication facility.

In an SGX filing, Starburst says the property is not a core asset of the Group as it had acquired a new factory in 2015.

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