SINGAPORE (Apr 6): KTL Global announced that its wholly-owned subsidiary, KTL Offshore has entered into a deed of surrender with landlord SB (Pioneer) Investment.

SB (Pioneer) Investment is a fully-owned subsidiary of Soilbuild Group Holdings, which in turn is the sponsor for Soulbuid REIT.

The group will be surrendering all its estate, interest, right and title in, under and arising from the lease in relation to its previous registered office at 71 Tuas Bay Drive and the premises at 61 Tuas Bay Drive, with effect from Mar 1.

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