Singapore, Nov. 18, 2025 — JE Cleantech Holdings Limited (NASDAQ: JCSE) announced the completion of the sale of a leasehold industrial property by its wholly-owned subsidiary, JCS-Echigo Pte Ltd. The property, situated at 17 Woodlands Sector 1 Singapore 738354, was sold for approximately SGD$7.39 million (USD$5.68 million). This transaction resulted in a net gain of approximately SGD$3.70 million (USD$2.85 million) above the net book value. The sale, made to an unaffiliated third party, was carried out under an option to purchase agreement previously disclosed on December 17, 2024.
Ms. Hong Bee Yin, the company’s CEO and Chairman, commented, “We are pleased to complete this sale, to optimize both cost savings and operational benefits.”
About JE Cleantech Holdings Limited
Headquartered in Singapore, JE Cleantech Holdings Limited primarily operates in two main sectors: the sale of precision cleaning systems and related equipment, and the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company manufactures, designs, develops, and sells advanced cleaning systems for diverse industrial applications, serving clients mainly in Singapore and Malaysia. These systems are engineered for precision cleaning, incorporating features such as particle filtration, ultrasonic or megasonic rinses across various frequencies, high-pressure drying, high flow rate spray, and deionized water rinses, all designed to efficiently remove contaminants and reduce particle generation and entrapment. Furthermore, the Group offers centralized dishwashing services via its subsidiary, Hygieia Warewashing Pte Ltd, since 2013, and general cleaning services since 2015, primarily catering to food and beverage establishments within Singapore. JE Cleantech has been listed on NASDAQ since 2022. For additional information about JE Cleantech, please visit: .
Disclaimer: Forward-Looking Statements
This news release may contain forward-looking statements, as defined by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Such statements are often identifiable by terms and phrases like “should,” “intends,” “is subject to,” “expects,” “will,” “continue,” “anticipate,” “estimated,” “projected,” “may,” “I or we believe,” “future prospects,” “our strategy,” “aim” or similar expressions. Forward-looking statements presented in this press release, including those related to future contract revenues among other aspects, inherently involve known and unknown risks and uncertainties that could cause actual results to differ significantly from those anticipated or expressed in this announcement. The company disclaims any obligation to publicly update or revise any forward-looking statements.
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