Accton (2345) Announces Subsidiary Lease of Factory Space in Singapore for SGD 40.1 Million
Accton Technology Corp. announced that its Singaporean subsidiary has leased an industrial facility from JTC at Bulim Square to support long-term development.
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- 📰 Published: May 19, 2026 at 06:31
- 🔍 Collected: May 19, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 19, 2026 at 06:40 (8 min after Collected)
## Announcement: Accton Subsidiary Leases Factory in Singapore
Accton Technology Corp. (TWSE: 2345) has announced that its subsidiary, **Accton Technology SG Pte Ltd.**, has entered into a lease agreement for an industrial facility in Singapore.
### Transaction Details
- **Property Address**: 4 Bulim Lane 1, Bulim Square, Singapore 648116
- **Leased Area**: 22,636.30 square meters
- **Total Transaction Value**: SGD 40.1 Million
- **Counterparty**: JTC (Jurong Town Corporation), a non-related party.
- **Board Approval Date**: May 7, 2026 (Republic of China Year 115)
### Strategic Purpose
The acquisition of this leasehold interest is intended for the company's long-term development and strategic expansion of its global footprint. A professional appraisal report from Cheng Cheng Strait Real Estate Appraisers Joint Firm valued the lease at SGD 39.9 Million, supporting the fairness of the transaction price. This move underscores Accton's commitment to enhancing its manufacturing and operational capabilities in Southeast Asia.
Accton Technology Corp. (TWSE: 2345) has announced that its subsidiary, **Accton Technology SG Pte Ltd.**, has entered into a lease agreement for an industrial facility in Singapore.
### Transaction Details
- **Property Address**: 4 Bulim Lane 1, Bulim Square, Singapore 648116
- **Leased Area**: 22,636.30 square meters
- **Total Transaction Value**: SGD 40.1 Million
- **Counterparty**: JTC (Jurong Town Corporation), a non-related party.
- **Board Approval Date**: May 7, 2026 (Republic of China Year 115)
### Strategic Purpose
The acquisition of this leasehold interest is intended for the company's long-term development and strategic expansion of its global footprint. A professional appraisal report from Cheng Cheng Strait Real Estate Appraisers Joint Firm valued the lease at SGD 39.9 Million, supporting the fairness of the transaction price. This move underscores Accton's commitment to enhancing its manufacturing and operational capabilities in Southeast Asia.
FAQ
Where is the new facility located in Singapore?
The facility is located at 4 Bulim Lane 1, Bulim Square, Singapore 648116, an industrial hub managed by JTC.
What is the size of the leased area?
The total area is 22,636.30 square meters, providing substantial space for operations.
Was there an independent valuation for this lease?
Yes, an independent appraisal by Cheng Cheng Strait Real Estate Appraisers valued the lease at SGD 39.9 million.