Back 26 Jun 2025

SATS Completes €4.15 Million Disposal of 49% Stake in Servair-SATS Joint Venture

Link: https://links.sgx.com/1.0.0/corporate-announcements/7AAZMA8Z69BBCBMD/608e96dc649bef1cd01ade8ba2fb06a94b15e652af2fb5fb094ee6601339e6a8

Summary:

  • SATS Ltd. finalised the sale of its 49% interest (509,600 shares) in Servair‑SATS Holding Company Pte Ltd to Gate Gourmet Switzerland Holding GmbH on 26 June 2025.

  • The disposal fetched €4.15 million (approximately S$6.14 million), paid entirely in cash.

  • As of 31 March 2025, the book value and net tangible asset (NTA) of SATS’s stake were around S$2.20 million.

  • The divestment aligns with SATS’s strategy to recycle capital, enhance liquidity, and focus on core operations and debt repayment.

  • The transaction is classified as a non-disclosable interested person transaction, with the value below both the 3% market capitalisation and 5% materiality thresholds.

  • Management confirms no significant impact on SATS’s consolidated NTA or earnings per share for FY2026.