Link: https://links.sgx.com/1.0.0/corporate-announcements/2DOMMESLIM3GC5NW/a46bccd6aae911bddafb8cd8953eec6dd95907b0169a8ebfb97caab31af691ff

Summary:

• Acquirer: HPF Holdings Pte Ltd (51%-owned subsidiary of Aedge Group)

• Property: 219 Kallang Bahru, Chutex Building, Singapore 339348 (leasehold from JTC, 60 years from 1984)

  • Land area: 2,652.1 sqm; Built-up: 6,617.9 sqm

  • Property partly owner-occupied, partly leased out

• Vendor: Chutex Holdings Pte Ltd (unrelated party)

• Purchase Consideration: S$13,988,000 (arrived at after negotiation; valuation: S$14m as of 29 August 2025 by GB Global Pte Ltd)

  • Option money (1%): S$139,880 paid

  • Further deposit (4%): S$559,520 to be paid on exercise

  • Balance: S$13,288,600 on completion

• Option Exercisable By: 4:00pm, 22 September 2025; completion subject to JTC and change-of-use approvals, expected completion 1 June 2026

• Rationale: Property for own use plus leasing; potential for asset enhancement and future re-purposing. Part of long-term diversification and growth strategy.

• Funding: Combination of internal resources and bank borrowings

• Financial Impact: Not expected to materially affect EPS or net tangible assets per share for FY ending 30 June 2026

• Directors/Controlling Shareholder Interests: None (other than through their own shareholdings)

Further announcements will be made on future material developments related to the acquisition.