Link: https://links.sgx.com/1.0.0/corporate-announcements/RCKID7KHZ6MCW0EL/9c5a41a37c8cbece58e657cef755236e42e31f71510d548889fb6032053ff17a

Summary:

• Union Steel Holdings’ wholly owned subsidiary, Applied Engineering Pte. Ltd., has completed the acquisition of the property at 1 Benoi Road, Singapore 629875, including existing buildings and structures

• The deal was done via an option to purchase granted by Asia-Pacific Shipyard Pte. Ltd. (Receivers and Managers appointed over relevant charged property), acting through its receivers as agents

• The agreed consideration for the industrial property is S$7,500,000, as first announced on 15 August 2025

• The board confirmed that the proposed acquisition was completed on 23 December 2025, with Executive Chairman and CEO Ang Yu Seng signing off the announcement