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Sheng Siong Group Ltd. ( (SG:OV8) ) has issued an announcement.
Sheng Siong Group Ltd. has announced that its wholly-owned subsidiary, C M M Marketing Management Pte. Ltd., has accepted a lease agreement with JTC Corporation for a new site at Sungei Kadut Street in Singapore. This site will serve as the company’s new warehouse, distribution center, and headquarters, replacing the current facility at Mandai Link. The lease term is expected to be 33 years, starting on December 18, 2025, with a rent-free period before commencement. The company plans to invest at least S$120 million in new plant and machinery at the new site within four years of the lease commencement.
The most recent analyst rating on (SG:OV8) stock is a Buy with a S$2.30 price target. To see the full list of analyst forecasts on Sheng Siong Group Ltd. stock, see the SG:OV8 Stock Forecast page.
More about Sheng Siong Group Ltd.
Sheng Siong Group Ltd. is a company incorporated in Singapore, operating in the retail industry. It focuses on providing supermarket services and products, and its operations are supported by its subsidiaries.
Average Trading Volume: 2,669,960
Technical Sentiment Signal: Buy
Current Market Cap: S$3.16B
For detailed information about OV8 stock, go to TipRanks’ Stock Analysis page.