Friday, September 30, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Offers $2.5 Million to Advance Conversational Artificial Intelligence
Raspberry Pi Upgraded With A Visual Overhaul Called Pixel
E FUN Nextbook Ares 11 2-in-1 Android Tablet Costs Just $179
Micron Opens Fab 10 Singapore NAND Flash Memory Fabrication Facility
Qualcomm in Talks to Buy NXP
Microsoft Creation New Artificial Intelligence and Research Group
Game of Thrones Enhanced Edition Comes To iBooks
Automakers Showcase Their Electric Vehicles At 2016 Paris Motor Show
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
AMD Brings The Power Of Polaris To Embedded With New Radeon E9260 and E9550 GPUs
Mainstream Gaming PCs Powered by 7th Generation AMD A-Series Processors Debut
AMD Enters New Wafer Supply Agreement With GLOBALFOUNDRIES
AMD Increased GPU Market Share in Q2 2016
AMD Says Zen Procedssors Are Close, Outlines New Features
AMD Downgrades ARM Strategy For Servers
AMD Radeon RX 470 And RX 460 Are Shipping in Early August
AMD Radeon Pro Solid State Graphics Combines Polaris GPU With SSD Flash Memory
Latest AMD Radeon Software Fixes PCI-e Power Draw Issues
AMD Launches the VR-ready Radeon RX 480 Graphics Card
Nvidia To Position The GTX 1060 Against New Radeon RX 480
AMD Zen Chipset Rumored To Have USB 3.1 Design Issue

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .