• We've upgraded our forums. Please post any issues/requests in this thread.

AMD Completes Sell of its Singapore Facility to HSBC Institutional Trust Services

Sin

News Editor
Joined
Mar 28, 2011
Messages
244 (0.10/day)
Likes
70
Location
under the bed
#1
AMD today announced that its Singapore subsidiary, Advanced Micro Devices (Singapore) Pte Ltd. (AMD Singapore), has completed a transaction to sell and lease-back its Singapore facility located at 508 Chai Chee Lane, Singapore 469032 to HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT). The transaction generated proceeds of approximately SG$59 million Singapore dollars (US$46 million) net of all fees. AMD will record a gain of approximately US$16 million related to the transaction in the third quarter of 2013. AMD Singapore will continue its operations in a portion of the Singapore facility and has commenced a 10-year lease agreement with Sabana REIT with extension options.

Show full news post
 
Joined
Jan 5, 2013
Messages
895 (0.50/day)
Likes
114
#2
This is a good Biz strategy that many corporations are using to reduce taxes and increase cash flow for growth.
 
Joined
Jun 19, 2012
Messages
141 (0.07/day)
Likes
26
Location
Sabah, Malaysia
System Name My White Theme Desktop PC
Processor 4770k / 4670k
Motherboard ASUS
Cooling CM 412 slim
Memory Kingston 8GB DDR3-1600
Video Card(s) GTX 770 / GTX 670
Storage Kingston SSD v300 120GB + 1TB Black + 1TB Green + 1TB Green + 1TB Blue
Display(s) 23" Philips IPS White Slim x 3 / Acer
Case Thermaltake Revo White Snow Edition / Cooler Master
Audio Device(s) Creative Sound Blaster 5.1
Power Supply AC 650w 80+ bronze x 2 White
#3
agree with you, reduce tax and increase cash flow obviously...