Link: https://links.sgx.com/1.0.0/corporate-announcements/5W415960HVOMMGGW/a17a1576718696cdfe2454a6b0f3353e77a51e7ac9daeff00616739029fed007

Summary:

• Centurion Corporation agreed to sell its 20% stake in Coliwoo Pte. Ltd.’s subsidiary, Coliwoo Pte. Pte. Ltd. (CPPPL), which owns key co‑living assets in Singapore, for approximately S$118 million cash consideration.

• The disposal crystallises a gain for the group, boosts balance sheet flexibility, and releases capital from a non-controlling stake while Centurion continues to focus on its core purpose-built workers and student accommodation platform.

• Management highlighted that the transaction is conducted on a willing-buyer, willing-seller basis with an independent valuation supporting the deal terms, and that completion is subject to customary closing conditions.

• Net proceeds are earmarked for debt reduction, working capital and potential reinvestment opportunities, with the board stating that the sale is not expected to materially affect earnings per share or net tangible assets for the current financial year.

• The move follows Centurion’s ongoing strategic review of its co‑living exposure and underscores disciplined capital recycling amid a still-resilient Singapore rental and hospitality market.