VibroPower Corporation Limited has announced the proposed sale of its property at 11 Tuas Avenue 16, Singapore, to Ecorecycling Pte. Ltd. for S$3.93m. The transaction, which was agreed upon on 12 June 2026, requires approval from VibroPower’s shareholders due to its classification as a “major transaction” under the Singapore Exchange’s rules.
The property, spanning approximately 3,500 square metres, is currently leased out and no longer serves VibroPower’s core business operations. The sale price, determined through a willing-buyer and willing-seller basis, reflects a 6.4% discount from its market valuation of S$4.2m as of 31 March 2026. This valuation was provided by Cushman & Wakefield VHS Pte Ltd.
Ecorecycling, incorporated in October 2025, specialises in the manufacture of wood products and recycling non-metal waste. The company is not affiliated with VibroPower or its stakeholders. The sale is contingent upon several conditions, including approval from Jurong Town Corporation (JTC) and other relevant authorities.
The option to purchase is valid until 26 June 2026, with the completion of the sale expected by 29 January 2027, subject to regulatory approvals. If the necessary approvals are not obtained, the agreement allows for rescission, with specific terms for refunding the deposit. This strategic move allows VibroPower to streamline its operations by relocating its archives to other facilities.
