Soon Hock Enterprise Holding Limited Announces Progress on Disposal of Key Property Asset

Key Highlights

• Disposal of Major Property Asset: Soon Hock Enterprise Holding Limited (“Soon Hock” or “the Company”) has provided an update regarding the sale of its property located at 8 Kaki Bukit Avenue 4 #03-06, Singapore 415875.
• Option to Purchase Exercised: The option to purchase the property was exercised by Bright Oasis Pte. Ltd. (the “Purchaser”) and/or its nominee on 27 November 2025.
• Sale Price: The agreed consideration for the property is S\$1,500,000, excluding Goods and Services Tax (GST).
• Deposit Paid: The Purchaser has paid a deposit of S\$60,000 (4% of the consideration) and S\$5,400 in GST on the deposit.
• Completion Timeline: The completion of the disposal is expected within 16 weeks plus 3 days from the exercise date.
• Balance Payment Structure: On completion, the Purchaser will pay the remaining S\$1,425,000 (95% of the consideration) plus GST at the prevailing rate.
• Subsidiary Involvement: The transaction is being handled through the Company’s wholly owned subsidiary, Soon Hock Property Development Pte. Ltd.
• Joint Issue Managers: Maybank Securities Pte. Ltd. and United Overseas Bank Limited are the Joint Issue Managers, Joint Global Coordinators, and Joint Bookrunners for Soon Hock’s initial public offering.

Details Investors Should Note

• Impact on Financials: The disposal of this property for S\$1.5 million is a significant transaction which may positively impact Soon Hock’s cash position. Investors should monitor forthcoming disclosures regarding the use of proceeds and any effects on the Company’s balance sheet or profit and loss statement.
• Timely Completion and Cash Inflow: The timeline for completion (within 16 weeks plus 3 days) suggests that Soon Hock may recognize the cash inflow and any associated gains/losses in the first half of 2026, which could affect its interim results and potentially influence share price.
• GST Implications: The transaction is subject to GST, with S\$5,400 already paid on the deposit and further GST due on the balance. This may have minor implications for net proceeds but is not expected to be material.
• Potential Price Sensitivity: As the property disposal is material and may alter Soon Hock’s asset base, this news is price sensitive and may influence investor perception and share price, especially in the context of the Company’s recent initial public offering.
• No Responsibility from Issue Managers: Maybank Securities and UOB, as Joint Issue Managers, have stated they assume no responsibility for the contents of the announcement. Investors should rely on official disclosures from Soon Hock for investment decisions.

Conclusion

The successful exercise of the option to purchase and the anticipated completion of the disposal of the property at 8 Kaki Bukit Avenue 4 signals an important development for Soon Hock Enterprise Holding Limited. This transaction is expected to strengthen the Company’s financial position and may affect upcoming financial results. Shareholders and potential investors should watch for further updates regarding completion and the financial impact of this disposal, as these could be material to the Company’s valuation and share price performance.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The information provided is based on public disclosures and may be subject to change.

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