in a bid to move to an asset-light strategy, it said in a bourse filing on Tuesday night. Owned by its US subsidiary Del Monte Foods, the two facilities to be closed are located at Sleepy Eye, Minnesota and Mendota, Illinois while the third one in Cambria, Wisconsin will be sold as an operating facility. The company will also be selling manufacturing assets at its Crystal City, Texas facility and will transfer production at this site to outside locations later this year.
4 million to the real estate investment trust, has been, said the Reit's manager in a filing on Tuesday. The property in question is located at 2, Pioneer Sector 1. As at Aug 20, NK Ingredients owes about S$3.39 million to Soilbuild Reit, including August 2019 rental charges, property tax and land rent. This has exceeded the security deposit by about S$835,000. Units in Soilbuild Reit closed at 57.5 Singapore cents on Tuesday, down 0.9 per cent or 0.5 cent.
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Soilbuild Reit tenant put under judicial managementSOILBUILD Business Space Reit tenant NK Ingredients, which owes almost S$3.4 million to the real estate investment trust, has been put under judicial management, said the Reit's manager in a filing on Tuesday. Read more at The Business Times.
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Aug 26 hearing date set for sanction of OUE C-Reit, H-Trust mergerAN Aug 26 court hearing has been scheduled to sanction the proposed merger of OUE Commercial Real Estate Investment Trust (C-Reit) and OUE Hospitality Trust (H-Trust), following which the trust managers will provide an updated indicated timetable for the merger. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Soilbuild Reit tenant put under judicial managementSOILBUILD Business Space Reit tenant NK Ingredients, which owes almost S$3.4 million to the real estate investment trust, has been put under judicial management, said the Reit's manager in a filing on Tuesday. Read more at The Business Times.
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Del Monte to close 2 US facilities, sell another as it moves to asset-light strategyFOOD and beverage firm Del Monte Pacific Limited will close two US production facilities and sell a third in a bid to move to an asset-light strategy, it said in a bourse filing on Tuesday night. Read more at The Business Times.
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