Key Highlights
- OceanScape International Limited (formerly known as V2Y Corporation Ltd.) has completed the disposal of two wholly-owned subsidiaries.
- The subsidiaries involved are 1Care Global Pte. Ltd. and V2Y Insurtech Pte. Ltd., both previously held under V2Y Pte. Ltd.
- This disposal was approved by shareholders at the Extraordinary General Meeting on 29 December 2025 and completed on 30 December 2025.
- The official transfer of shares was filed with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) on 7 January 2026.
Details of the Transaction
OceanScape International Limited has executed a significant strategic transaction by disposing of its entire issued and paid-up share capital in two key subsidiaries, 1Care Global Pte. Ltd. and V2Y Insurtech Pte. Ltd. The move follows shareholder approval at an extraordinary general meeting held on 29 December 2025. The transaction was officially completed on 30 December 2025, and subsequent regulatory filing with ACRA was made on 7 January 2026.
Potential Impact on Shareholders and Share Price
- Strategic Refocus: The disposal marks a major shift in OceanScape’s business direction and portfolio composition, which could have significant implications for the company’s future operations, strategy, and financial performance.
- Potential Re-rating: Investors should note that the divestment of these subsidiaries may alter the revenue streams and risk profile of the group, possibly leading to a re-assessment of the company’s valuation.
- Regulatory Compliance: The transaction was approved by shareholders and completed in accordance with all regulatory requirements, ensuring transparency and governance best practices.
- Shareholder Approval: The fact that this disposal required and received shareholder approval highlights its materiality to the company and its potential to influence share value.
What Shareholders Should Watch For
- There may be further announcements regarding the use of proceeds from the disposal, or about new strategic directions the company will pursue post-transaction.
- Shareholders should monitor the company’s upcoming disclosures for any indication of how the divestment will affect future earnings and capital allocation.
- This announcement has not been reviewed or approved by the Singapore Exchange Securities Trading Limited, so investors should exercise their own judgment and seek advice if needed.
Contact and Further Information
The company’s sponsor for this transaction was Evolve Capital Advisory Private Limited. For any queries, shareholders may contact Mr. Lay Shi Wei at Evolve Capital Advisory, 160 Robinson Road, #20-01/02 SBF Center, Singapore 068914, telephone (65) 6241 6626.
Conclusion
This strategic divestment is a material event for OceanScape International Limited and may have a meaningful impact on its future business profile and share price. Investors are advised to stay informed on subsequent disclosures relating to this transaction.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or seek professional guidance before making any investment decisions. The contents herein have not been approved by the Singapore Exchange Securities Trading Limited, which assumes no responsibility for the accuracy of the information provided.
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