Enviro-Hub acquires remaining 17.83% stake in HLS Environmental for S$4.95 million, raising ownership to 100%
Summary:
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Enviro-Hub Holdings Ltd acquired the remaining 17.83% of HLS Environmental Pte. Ltd. (HLSE) it did not already own.
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The acquisition was completed through two transactions:
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1.71% stake bought on 11 February 2025 for S$472,177.44.
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16.12% stake bought on 11 July 2025 for S$4,475,298.24.
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Total purchase consideration was S$4,947,475.68, at S$10.08 per HLSE share.
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HLSE is a Singapore-based waste management and recycling company, focused on electronic scrap processing, and has been a subsidiary of Enviro-Hub since 2005.
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As a result of these acquisitions, Enviro-Hub’s ownership in HLSE increased from 82.17% to 100%.
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Purpose of the acquisitions is to consolidate full ownership and facilitate restructuring of the Group’s business.
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Under SGX Rule 1006, relative figure based on consideration versus market capitalisation is 15.3%, making it a discloseable transaction.
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Pro forma financial effects based on FY2024:
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NTA per share decreased from 3.89 cents to 3.57 cents.
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Loss per share slightly reduced from 1.68 cents to 1.65 cents.
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No new directors are appointed; no related service contracts.
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No directors or controlling shareholders have interests in this transaction outside of their existing shareholdings.
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No documents are available for inspection; the company will announce further material updates if needed.