Yamada Green Resources Acquires Residential Property in Osaka, Japan
Link: https://links.sgx.com/1.0.0/corporate-announcements/YRBECHLT8SBAFQ52/063d1f12e7854efed8097db59e080cc4e862c454fe7c547b802a1e66a1498f73
Summary:
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Wholly owned subsidiary acquired 3-storey building and land in Minatoharu, Osaka, for JPY 90 million to grow its property investment and rental business in Japan.
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Property consists of 9 residential units (8 fully tenanted); potential annual rental income is JPY 6.32 million if fully occupied.
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Strengthens group’s diversification outside of China and complements other recent Osaka property acquisitions.
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Deal funded from internal resources; SPA signed 26 August 2025, with completion by 19 September 2025.
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Annual rental (after one-off fees and expenses) expected to contribute positively to group earnings from September 2025.
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No directors or controlling shareholders have a direct interest in the transaction.
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No shareholder approval required as relative figures fall below SGX thresholds for major transactions.