Tuan Sing Holdings Limited Announces Key Progress in PT Senimba Bay Resort Asset Acquisition

Significant Completion Milestones and Extension of Deadlines Could Impact Shareholder Value

Singapore, 19 November 2025 – Tuan Sing Holdings Limited (“Tuan Sing” or the “Company”) has issued a comprehensive update regarding its ongoing acquisition of assets from PT Senimba Bay Resort. The announcement provides substantial news for investors and shareholders regarding both completed and pending transactions, as well as future management arrangements for acquired assets.

Key Highlights from the Announcement

• Completion of Major Asset Acquisitions:
  • The Company’s indirect wholly-owned subsidiaries have completed the acquisition of the Ferry Terminal and several Shophouses and Terrace Houses as of 29 November 2024.
• Extension of Deadlines for Remaining Transactions:
  • For the remaining asset acquisitions under the Proposed Transactions, Tuan Sing and the relevant parties have entered into amendment agreements (as of 19 November 2025) to extend the long-stop date for completion. The new deadline is now set at 24 months from the date of the respective sale and purchase agreements, providing the Company with more time to complete these acquisitions.
• Operational Arrangements for Ferry Terminal:
  • Following the completion of the Ferry Terminal acquisition, Tuan Sing’s subsidiary OBH and the Seller have entered into two key agreements:
  • A Co-operation Agreement
  • A Management, Operation and Maintenance Agreement
  • Under these agreements, the Seller will continue to manage, operate, and maintain the Ferry Terminal on a profit-sharing basis for an initial term of two years. This could help ensure operational continuity and immediate revenue generation from the asset.
• Further Announcements Expected:
  • Tuan Sing will provide additional updates as and when there are material developments concerning the remaining Proposed Transactions.

Implications for Shareholders and Potential Share Price Impact

• Completion of Asset Acquisitions: The successful acquisition of the Ferry Terminal and real estate assets marks a significant expansion in Tuan Sing’s asset base, which may have a positive impact on the Company’s earnings and asset value. The operational agreements in place are designed to ensure a seamless transition and immediate cash flows.
• Extension of Acquisition Deadlines: While extensions provide flexibility, they also signal that not all parts of the proposed deal have closed as initially expected. This could be interpreted by the market as a minor delay but ensures that the Company is not forced into unfavorable terms and can pursue the transactions strategically.
• Profit-Sharing Arrangement: The management and profit-sharing agreement for the Ferry Terminal ensures that the asset is operational and revenue-generating from day one, which is beneficial for cash flow and could support the share price.
• Ongoing Updates: Investors should remain alert for further announcements as the completion of the remaining transactions could present additional upside or risks.

What Should Investors Watch?

• Monitor future announcements regarding the completion of the outstanding asset acquisitions.
• Assess the financial contribution from the Ferry Terminal and real estate assets in upcoming earnings reports.
• Evaluate the effectiveness of the profit-sharing and management agreements and their impact on recurring income streams.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions. The information provided is based on the Company’s official announcement and may be subject to change as further updates are released.

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