Green Build Technology Limited, a Singapore-incorporated company (SGX: 200401338W), has made an official announcement in accordance with Rule 706A of the SGX-ST Listing Manual, concerning significant corporate transactions during the financial quarter from 30 June 2025 to 30 September 2025.
Summary of the Transaction
- Application for Striking Off: On 16 July 2025, Green Build Technology Limited filed an application with the Accounting and Corporate Regulatory Authority (ACRA) to strike off its wholly-owned subsidiary, Republic Property Management Grp Pte. Ltd. (RPM), under Section 344A of the Companies Act 1967 of Singapore.
- Subsidiary Status: RPM was a direct subsidiary of the Company and had been dormant prior to the application for striking off.
- Completion of Striking Off: The subsidiary was officially removed from the ACRA register on 18 October 2025, pursuant to Section 344A of the Companies Act.
Impact on Financials and Shareholders
- Financial Impact: The Company has stated that the striking off of RPM is not expected to have any material impact on its consolidated net tangible assets or earnings per share for the financial year ending 31 December 2025.
- Shareholder Interests: None of the directors or controlling shareholders of Green Build Technology Limited has any direct or indirect interest in the striking off of RPM, except through their general shareholdings in the Company. This move is administrative in nature and does not suggest any change in the strategic direction or ownership structure.
What Investors Should Know
- Price Sensitivity: Given that RPM was dormant and the Company expects no material impact on its financials, this announcement is unlikely to be price-sensitive or trigger a movement in Green Build Technology Limited’s share price.
- Corporate Housekeeping: The striking off of dormant subsidiaries is a routine corporate housekeeping exercise aimed at streamlining the Group’s corporate structure and potentially reducing administrative costs associated with maintaining non-operating entities.
- Transparency and Governance: The timely disclosure of this transaction demonstrates the Company’s commitment to regulatory compliance and transparency, which is generally viewed positively by investors but is not expected to result in any immediate share price movement.
Conclusion
The announcement regarding the striking off of Republic Property Management Grp Pte. Ltd. is primarily administrative, with no forecasted impact on Green Build Technology Limited’s financial performance or shareholder value. Investors are advised that this news does not present any significant change in the Company’s operations or strategy and is unlikely to affect share prices.
Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own due diligence and consult with financial advisors before making investment decisions. The information presented herein is based on publicly disclosed company announcements as of the date indicated and may be subject to change.
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