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Miyoshi to Sell Singapore Property for SG$2 Million

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Miyoshi (SGX:M03) agreed to sell its property at TradeHub 21, Singapore, to Smart Digital Lock At Reddot for SG$1.7 million, according to a Monday filing.

The property has a gross floor area of 272 square meters, and a lease expiring Dec. 9, 2063.

The sale is expected to generate a gain of about SG$314,000 before related expenses.

Miyoshi will use the net proceeds for general working capital.

According to a separate same-day filing, Miyoshi also requested the lifting of a trading halt on its securities, with trading to resume at 8:30 a.m. Tuesday.

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