Cogent Holdings Potential Appointment As Jurong Island Facility Developer

Cogent Holdings has announced that the group has signed and accepted the letter of intent (LOI) issued by the Singapore Economic Development Board (EDB) in respect of the group’s potential appointment as developer of the Jurong Island Chemical Logistics Facility.

The group will develop the facility, which will be a multi-pupose logistics hub, occupying up to 6 hectares of land with a total built up area of approximately 150,000 sqm, to support the manufacturing operations on Jurong Island in two phases.

The potential appointment is subjected to and conditional upon various terms and conditions stated in the LOI which include, amongst others, the group submitting an application to EDB for EDB’s support of the group’s application to JTC for the direct allocation of an industrial land at Tembusu identified for the facility.

Subject to the group satisfying various terms and conditions stipulated in the LOI, JTC and EDB will commence discussion with the group in connection with the agreement appointing the group to develop, own and operate the facility.

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