I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

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Friday, 9 March 2012

Biosensors in deal to develop $76m innovation centre

By JASMINE NG


Biosensors International on Friday said its subsidiary, Biosensors Interventional Technologies, has signed a land lease with JTC Corporation to develop a new manufacturing, research and development centre in Singapore.

The 12,000 sq m land is located in Tukang Innovation Park. The lease is granted for a term of 30 years, with an option to renew for another 30 years.

The construction is expected to be completed within three years and will cost $76 million.

The acquisition and construction project will be funded through internal resources and bank borrowings.

'We expect our overall facility costs to be more economical in comparison with long term leasing over the same period of time,' executive chairman Yoh-Chie Lu said.

'By leveraging the building construction cost with commercial bank funding, we should also be able to minimise our upfront cash outflow for this investment,' he added.

Biosensors on Friday also announced organisational changes to its senior management team.

Jack Wang has been appointed CEO of Biosensors. He was previously co-CEO.

Jeffrey Jump - who was also co-CEO - assumes the role of president for the firm's newly-created cardiovascular business unit.



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