Link: https://links.sgx.com/1.0.0/corporate-announcements/P1DJ9WKZH6KVRLIJ/a27986e0d99159c1ad3a0cb50b30e2fe23d35147667651262186e0b14cce8dd3

Summary:

• HS Optimus Holdings’ wholly owned subsidiary, Ambertree Vic Mel (Lincoln) Pty Ltd, agreed to sell 23–31 Lincoln Square South, Carlton, Melbourne, to a well-established educational institution for AUD 19.70 million (about S$16.75 million), excluding GST​

• The asset is a freehold, vacant, fully refurbished 5‑storey heritage building near the Melbourne CBD and University of Melbourne, with land area of about 906 sqm and building area of about 3,745 sqm, and an existing permit for purpose-built student accommodation​

• The property is currently mortgaged to an Australian alternative asset manager, and sale proceeds will fully settle the related loan facility​

• Based on a net carrying amount of about AUD 13.24 million as at 30 September 2025, the disposal is expected to generate an estimated profit of around AUD 6.12 million after costs​

• The agreed price also represents a premium to an independent March 2025 valuation of AUD 16.0 million, which was determined using income capitalisation and direct sales comparison approaches​

• Terms include a 10% cash deposit of AUD 1.97 million already paid on signing and a 90% balance of AUD 17.73 million due at settlement on 23 December 2025​

• Management cites the deal as unlocking value from a long-held investment asset, with remaining net proceeds (after debt repayment) earmarked for new investments and working capital, and states that the transaction will not materially change the Group’s risk profile​

• Pro forma, the disposal would have lifted NTA from S$46.81 million to S$52.02 million and NTA per share from 0.87 to 0.97 Singapore cents as at 31 March 2025​

• On an earnings basis, it would have swung FYE25 performance from a net loss of S$2.61 million to a net profit of S$1.50 million, improving per-share performance from a loss of 0.05 to earnings of 0.03 Singapore cents​

• The purchaser is unrelated to the Group or its controlling shareholders, no directors or controlling shareholders have any interest in the disposal beyond their existing roles, and the contract of sale is available for inspection at the company’s registered office for three months​