Ryobi Kiso

Ryobi Kiso: Announces investment in an industrial dev project in Vietnam through its subsi Ryobi Developement. Subsi has entered into an in-principle agreement with Ascendas-Protrade Co to lease the land use rights for a 35.7k sqm site in Ascendas-Protrade Singapore Tech Park in Binh Duong Province, Vietnam. The tenure will be till 28 Oct 2057, and the amount payable is US$1.64m ($2.1m). Co is trading at 14.2x P/E, higher than construction and materials sector avg of 10.2x