Wee Hur Holdings announces proposed partial disposal and restructuring of its property at 188 Grenfell Street, Adelaide
Link: https://links.sgx.com/1.0.0/corporate-announcements/LL90X6JGYTUEOOQL/3a4b6400cb5ebae619bf23a9bdf374a702bfb4fd2608ce501cfa2e5152ffea7d
Summary:
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On 31 October 2025, Wee Hur Holdings Ltd. entered an agreement to dispose of its property at 188 Grenfell Street, Adelaide through its subsidiary ACUD (80% owned by Wee Hur, 20% by Goh Family entity).
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Buyer is Grenfell Trust, a 90.48%-owned sub-trust of the newly constituted WHF3A fund.
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After disposal, Wee Hur will reduce its direct interest in the property from 80% to 20%, with the rest held indirectly via WHF3A; ultimate interests split between Wee Hur, Other Investors (36.98%), and Goh Directors/Associates (33.5%).
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Completion expected on 28 November 2025, subject to standard legal and regulatory conditions; agreement can be terminated by either party if conditions aren’t met.
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Directors with related interests abstained from decision; full details available for inspection at Wee Hur office for 3 months.
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Shareholders advised to exercise caution in trading Wee Hur shares pending further developments.