Friday, April 28, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Cloud Strength Highlights Third Quarter Results
Alphabet Posts 1Q Profit
Intel Reports Quarterly Profit On Strong Data Center Business
Acer Rolls Out New Ultrathin Gaming Notebooks, Detachables, and All-in-One PCs
Samsung And Apple Maintain Top Spots in Smartphone Market
Noctua Offers Free Mounting Upgrade for Intel's New LGA2066 platform and Skylake-X CPUs
Razer Unveils the Razer Lancehead Wireless Gaming Mouse
BlackBerry KeyOne KEYone Android Smartphone Launching Next Month
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > AMD To ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, August 23, 2013
AMD To Sell And Lease-back Singapore Facility


AMD today announced that its Singapore subsidiary, AMD Singapore, has entered into a conditional put-and-call option agreement to sell and lease-back its Singapore facility 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 is expected to generate proceeds of approximately 59 million Singapore dollars (USD$46 million), net of all fees, which will be reflected in AMD's third quarter 2013 financial statements when reported on Oct. 17, 2013. AMD expects to record a gain of approximately $16 million in the third quarter of 2013. AMD Singapore will continue its operations in a portion of the Singapore facility and has negotiated a 10-year sub-lease agreement with Sabana REIT with extension options to continue those operations. The sub-lease would be effective upon the close of the sale of the property.

Prior to transaction close, AMD Singapore needs to secure final approval from the JTC Corporation (JTC), the Singapore entity tasked with managing the country's industrial infrastructure. The company anticipates securing all required approvals from the JTC as part of closing the transaction.

The sale of AMD's Singapore facility is in keeping with AMD's strategy to reduce investments and capital in non-core parts of the business, including real estate. AMD launched operations in Singapore in 1984 and says it remains committed to the site as a vital part of the company?s global operations.


Previous
Next
LG IPS Monitors Take Center Stage At gamescom 2013        All News        Corsair Announces Force Series LS SSD Line
Sharp and OSRAM Enter into LED and Laser Diode Cross-Licensing Agreement     General Computing News      Facebook Login Is Now Safer

Get RSS feed Easy Print E-Mail this Message

Related News
The New Radeon Pro Duo Delivers The Power of Two Polaris 10 GPUs
AMD Radeon RX 500 Series Are Launching
AMD's Highest-Performance 6-Core Ryzen 5 Processors Now Available
AMD Buys Wireless Virtual Reality IP from Nitero
Upcoming AMD Ryzen 5 1600 Seems To Beat Intel Core i7-7700K
Optimizations Promise Up to 30 Percent Performance Uplift in Ashes of the Singularity DirectX 12 Benchmark With AMD Ryzen
AMD Ryzen 5 CPUs For Desktops Launching April 11 Worldwide
AMD Comments On Thread Scheduling, Temperature Reporting Issues On Ryzen CPUs
AMD Previews "Naples" Server Processor, Coming in Q2 2017
AMD Ryzen 7 Desktop Processors Launch, Adding Pressure To Intel
GDC 2017: AMD Unveils Vega Retail Name, Partners With Bethesda And Talks About Asynchronous Reprojection
AMD Launches Ryzen PC Chips, With A Price And Performance That Could Threaten Intel

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .