Accton Announces Factory Lease in Singapore on Behalf of Subsidiary Accton Technology SG Pte Ltd.
Accton Technology announced on behalf of its subsidiary, Accton Technology SG Pte Ltd., that it has leased a factory in Singapore. The deal, approved by the board on May 7, 2026, is for a 22,636.30-square-meter facility located at Bulim Square. The total transaction value is SGD 40.1 million, with JTC, a Singapore government agency, as the counterparty. This lease is intended to support the company's long-term development strategy and expand its operational footprint in Singapore.
📋 Article Processing Timeline
- 📰 Published: May 18, 2026 at 09:00
- 🔍 Collected: May 19, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 19, 2026 at 08:08 (8 min after Collected)
1. Name and nature of the subject matter: 4 Bulim Lane 1, Bulim Square, Singapore 648116. 2. Date of occurrence: 2026/5/18~2026/5/18. 3. Board of Directors' approval date: May 7, 2026. 4. Other resolution dates: Not applicable. 5. Transaction unit quantity, price per unit, and total transaction amount: Transaction unit quantity: 22,636.30 square meters. Total transaction amount: SGD 40.1 million. 6. Counterparty and its relationship with the company: JTC; non-related party. 7. If the counterparty is a related party...: Not applicable. 8. If the ownership of the transaction asset was held by a related party...: Not applicable. 9. Expected gain or loss on disposal: Not applicable. 10. Delivery or payment terms...: Delivery according to the contract. 11. Method of transaction decision...: Per the resolution of the Board of Directors on May 7, 2026. 12. Professional appraiser's firm... and appraised value: Cheng-Cheng Cross-Strait Real Estate Appraisers Firm, Appraised value: SGD 39.9 million. 13. Professional appraiser's name: Lin Chin-Sheng. 14. Professional appraiser's license number: (94) Bei-Shi-Gu-Zi No. 000060. 15. Whether the appraisal report is for a limited, specific, or special price: No or not applicable. 16. Whether the appraisal report has not yet been obtained: No or not applicable. 17. Reason for not yet obtaining the appraisal report: Not applicable. 18. In case of significant discrepancy in appraisal results...: Not applicable. 19. CPA firm name: Not applicable. 20. CPA's name: Not applicable. 21. CPA's license number: Not applicable. 22. Broker and brokerage fees: None. 23. Specific purpose or use of the acquisition or disposal: Long-term development. 24. Opinions of directors expressing dissent...: None. 25. Is this transaction a related-party transaction: No. 26. Date of supervisor's acknowledgment or audit committee's consent: May 7, 2026. 27. Is this transaction an acquisition... from a related party: No. 28. Price evaluated according to Article 16...: Not applicable. 29. If the price evaluated... is lower than the transaction price...: Not applicable. 30. Date of previous material information release on the same event: Not applicable. 31. Other narrative matters: None.