HS Optimus Completes AUD 19.75 Million Disposal of Melbourne Lincoln Square Property, Unlocking AUD 14.9 Million Cash Inflow
Link: https://links.sgx.com/1.0.0/corporate-announcements/5KEXPFZ2TLKE40UK/8e5c932c6d14598ba298eb4ae774cb41b7bee7cc19b0db4e50bed345f50ea93a
Summary:
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HS Optimus has completed the disposal of its property at 23–31 Lincoln Square South, Carlton, Melbourne, for an adjusted purchase consideration of about AUD 19.75 million (around S$16.79 million), after prorating utilities, council rates and land tax
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The company received the remaining payment of AUD 17.78 million (about S$15.11 million) on 23 December 2025, triggering legal completion of the sale under the contract of sale
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After deducting disposal-related expenses and fully repaying the outstanding loan facility secured on the asset, the transaction generated a net positive cash inflow of approximately AUD 14.90 million (around S$12.66 million) for the group
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The board reiterated that all defined terms follow its 19 December 2025 announcement and highlighted that the indicative exchange rate used is AUD1 to S$0.85, provided solely for illustration