AMD Completes Sale and Lease-Back of AMD Singapore Facility to Sabana Shari-ah Compliant Industrial Real Estate Investment Trust
SUNNYVALE, CA — (Marketwired) — 09/26/13 — (NYSE: AMD) today announced that its Singapore subsidiary, Advanced Micro Devices (Singapore) Pte Ltd. (AMD Singapore), has completed a transaction to sell and lease-back its Singapore facility located at 508 Chai Chee Lane, Singapore 469032 to HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Sabana Shari-ah Compliant Industrial Real Estate Investment Trust (Sabana REIT). The transaction generated proceeds of app