Back 26 Jun 2025

Emerging Towns & Cities Singapore Receives Partial Disposal Payment for DAS Pte. Ltd., Secures Collateral for Remaining Amount

Link: https://links.sgx.com/1.0.0/corporate-announcements/NQH1YUHCSGU75PXP/5fcd759f0d82ac0b1d908ffbb3f558d6479099fe1039f95bafda8911d990516b

Summary:

  • The company has received S$2.5 million out of the S$4 million total disposal consideration for DAS Pte. Ltd., including a deposit, first tranche, and partial second tranche payment.

  • The remaining S$500,000 from the second tranche will accrue 10% annual interest until payment.

  • A final S$1 million payment is due within 12 months of completion (i.e., by 26 December 2025).

  • To secure these outstanding amounts, Golden Land has granted a first fixed charge over property units in Golden City valued at approximately S$3.07 million.

  • The shares of the company remain suspended since March 2021. Investors are advised to exercise caution.