Back 10 Oct 2025

XMH Holdings Completes Sale of 14.8% Stake in Mech-Power Generator, Retains Subsidiary Status

Link: https://links.sgx.com/1.0.0/corporate-announcements/ZKNXEND40Z5XKWYE/b120acb43690604a6b6131b2fdbb61c708c4e884a06c4e6adeb3ed0a6af6338c

Summary:

  • XMH Holdings completed the sale of approximately 14.8% of Mech-Power Generator’s shares, as per the previously announced agreement.

  • Following the transaction, XMH Holdings still owns about 85.2% of Mech-Power Generator, which remains a Group subsidiary.

  • Net indebtedness and net working capital for final deal adjustments will be based on Mech-Power’s financial position as of 1 October 2025.

  • Any future purchase consideration adjustments will be announced to shareholders in due course.

  • Shareholders and investors are advised to exercise caution when trading XMH shares.

  1. https://links.sgx.com/FileOpen/20251010%20-%20XMH_Completion%20of%20Proposed%20Partial%20Disposal%20of%20Shares%20in%20MPG.ashx?App=Announcement&FileID=863635