Summary:

• Shanaya Environmental Services has signed a binding term sheet to acquire 60% of Hup Lee Leong Enviro Pte Ltd (HLL), an NEA-licensed general waste collector, via a mix of S$300,000 cash and 27.27 million new Shanaya shares valued at S$0.055 each, for total consideration of S$1.8 million​

• The deal values HLL at S$3.0 million based on the agreed consideration and is conditional on an independent valuation of at least S$3.5 million and FY2025 after-tax profit of not less than S$400,000, failing which the acquisition will not complete​

• HLL’s sale shares carry book value and NTA of about S$1.07 million as at 30 September 2025, with net profit attributable to the 60% stake at roughly S$184,634 for the nine months then ended​

• The sellers, five founding directors who each own 20% of HLL, will retain the remaining 40% and receive the consideration shares, which will account for about 10.6% of Shanaya’s enlarged share capital and be locked up for two years​

• A profit guarantee requires HLL to deliver S$400,000–S$500,000 after-tax profit in each of FY2026 and FY2027, with any shortfall to be made up in cash by the sellers​

• The proposed acquisition, to be funded from internal resources and structured as a disclosable transaction under Catalist rules, is positioned as a strategic bolt-on to scale Shanaya’s environmental services platform and unlock operational synergies via shared logistics and disposal capabilities​