Link: https://links.sgx.com/1.0.0/corporate-announcements/KLU075FEJGBJI0K6/db1c4a6ae3d889b29cc1383ad09d22a788ace16703046f41b545d737cd1f8258

Summary:

• Wholly-owned subsidiary Ventrade SG established Ventrade 3 Pte. Ltd. to acquire and redevelop a 467.22 sqm property at 24 Jalan Labu Manis, Singapore, for S$7,150,000 (excluding taxes).

• The property will be demolished and transformed into two semi-detached landed houses, reinforcing the group’s footprint in bespoke residential developments.

• Project management to be handled by BZL Pte. Ltd., associated with Brand New Land Group, known for boutique landed homes in key Singapore districts.

• Acquisition and associated incorporation funded entirely through internal cash resources; issued and paid-up capital for Ventrade 3 set at S$1,000,000.

• No significant impact expected on group net tangible assets or earnings for FY ending 30 June 2026.

• No director or controlling shareholder interests (other than through shareholdings).