Allied Technologies sells property in Singapore

Precision stamped metal parts manufacturer Allied Technologies is selling one of its properties in Singapore for S$3.4 million (US$2.3 million). The firm said it has entered into an option agreement with J-R Marine & Engineering to dispose of its asset at 15 Bukit Batok Street 22. The sale is in line with its plan to realise its non-income generating assets. Allied Technologies is shifting its operations out of Singapore to lower-cost manufacturing plants in the region.Off White X Max 98