Primary tabs

Datapulse to issue special 1 cent dividend following sale of Tai Seng property

Michelle Zhu Published on Wed, Jan 24, 2018 / 3:38 PM GMT+8

A-

A+

SINGAPORE (Jan 24): Datapulse Technology says it expects an approximate gain of $44.6 million from its disposal of its industrial property at 15A Tai Seng Drive, and that it intends to reward its shareholders with a special dividend of 1 cent per share.

The property, which is being sold for $53.5 million, has a 30-year lease tenure from 16 Aug 1993 with a further term of 30 years, and a gross floor area (GFA) of approximately 15,174 sqm.

It previously served as Datapulse’s premises for the manufacture of optical media products such as CDs, DVDs and Blu-ray discs for the group’s existing media storage business.