Asia
Baker Technology to Spend SG$7 Million to Consolidate Operations at Pioneer Sector Site
Baker Technology (SGX:BTP) is looking to consolidate its operations at 6 Pioneer Sector in Singapore following the end of its lease period at two Jalan Samulun properties to Jurong Town Council, according to a Thursday filing with the Singapore Exchange.Shares of the marine infrastructure company were up over 2% in Friday trading.The company has already secured a lease extension for the 6 Pioneer Sector property until 2043 and has engaged a contractor to build a new office annex to increase floor space by around 70%.The project, which will cost around SG$7 million, is expected to be completed between the second half of 2027 and the first half of 2028.
SGX:BTP
