Asian Micro Holdings Limited Completes Disposal of Malaysian Properties
Asian Micro Holdings Limited Completes Disposal of Malaysian Properties
Key Highlights
- Disposal of Three Commercial Office Units in Penang, Malaysia: Asian Micro Holdings Limited (“the Company”), through its subsidiary Asian Micro Capital Sdn Bhd (“AMC”), has completed the sale of three commercial office units located at Gurney Tower, Persiaran Gurney, 10250 Penang, Malaysia.
- Purchaser: The properties were sold to Ms Tye Suit Yean.
- Completion Date: The transaction was successfully completed on 18 November 2025.
- Sale and Purchase Agreements: The sale was executed according to the terms and conditions set out in the respective sale and purchase agreements (“SPAs”).
- Official Announcement: The Company had previously announced the proposed disposal on 29 September 2025 and now confirms its completion.
- Regulatory Note: The announcement has been reviewed by the Company’s Sponsor, RHT Capital Pte. Ltd., but not by the Singapore Exchange Securities Trading Limited.
Details for Investors and Shareholders
Potential Price Sensitivity:
The completion of this property disposal is a material event for Asian Micro Holdings Limited. Divestments of fixed assets such as commercial real estate can have a significant impact on the Company’s financial position, liquidity, and future business strategy. The proceeds from this transaction may enhance the Group’s cash reserves, provide greater flexibility for redeployment of capital, or be used to strengthen its balance sheet.
Implications for Shareholders:
Shareholders should consider that the disposal reduces the Company’s exposure to the Malaysian commercial property market. Depending on the sale proceeds and the book value of the assets sold, this transaction could result in either a gain or loss, affecting the Company’s financial statements. Although the announcement does not specify the sale consideration or the financial impact, such divestments are generally regarded as price-sensitive events in the market and could influence the Company’s share price depending on investor perception of capital allocation and strategic direction.
Additional Information
- The sale was conducted by a wholly-owned subsidiary, Asian Micro Capital Sdn Bhd.
- The transaction involved three commercial office units, indicating a significant asset disposal rather than a minor asset sale.
- The Company’s Sponsor, RHT Capital Pte. Ltd., has reviewed this announcement, but the Singapore Exchange Securities Trading Limited has neither examined nor approved its content.
- For further information, the contact person for the Sponsor is Mr. Leong Weng Tuck, reachable at 36 Robinson Road, #10-06, City House, Singapore 068877 or via [email protected].
Conclusion
This disposal marks a significant development for Asian Micro Holdings Limited, potentially improving its financial flexibility and enabling a strategic reallocation of resources. Investors are encouraged to monitor subsequent disclosures for details regarding the financial impact of the disposal, including any resultant profit or loss and intended use of proceeds, as these factors could materially influence the Company’s future performance and share price.
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 consult their own financial advisors and review all publicly available information and disclosures from the Company before making any investment decisions. The Singapore Exchange Securities Trading Limited assumes no responsibility for the contents of this article.
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