GRC Limited Finalizes Lease Agreement for Strategic Expansion in Singapore

Key Highlights

• GRC Limited’s wholly-owned subsidiary, CES-Precast Pte. Ltd. (CESP), has entered into a definitive lease agreement with Jurong Port Pte. Ltd. (JPPL).
• The lease involves securing one (1) floor in a multi-storey ramp-up integrated construction and prefabrication hub at 30 Jalan Buroh Road, Singapore.
• Terms of the lease agreement remain substantially similar to those previously disclosed on 23 July 2025.
• The monthly lease rate and upfront deposit are indicative, and may be adjusted in accordance with the terms of the Lease Agreement.
• The lease is not expected to have any material impact on the net tangible assets or earnings per share for the financial year ending 30 June 2026.
• No directors or substantial shareholders have any interest in the lease agreement beyond their directorships and shareholdings in GRC Limited.

Details of the Transaction

GRC Limited has taken a significant step in its expansion plans by securing a definitive lease agreement through its subsidiary, CES-Precast Pte. Ltd. The agreement with Jurong Port Pte. Ltd. covers the lease of a floor in a state-of-the-art multi-storey ramp-up integrated construction and prefabrication hub, located at 30 Jalan Buroh Road, Singapore.

This hub is expected to enhance operational efficiency and support CESP’s growth in the construction and precast segment, providing access to advanced facilities and logistics capabilities at one of Singapore’s prime industrial locations.

The Board emphasized that the terms and conditions of the lease remain largely unchanged from those previously communicated. However, investors should note that both the monthly lease rate and the upfront deposit are currently indicative and subject to adjustments as stipulated in the lease agreement.

Financial Impact

Crucially, the company has stated that the lease will not have any material impact on its net tangible assets or earnings per share for the financial year ending 30 June 2026. This means the transaction is not expected to significantly affect the company’s financial health or profitability in the short term.

Investors should be aware that, while the lease expands GRC Limited’s operational footprint, it is not currently projected to move the share price materially unless further developments arise or the operational benefits translate into larger-than-expected financial gains.

Shareholder Interests

It is noteworthy that none of the company’s directors, controlling shareholders, or substantial shareholders have any direct or indirect interest in the lease agreement beyond their existing shareholdings and board positions. This highlights that the transaction is being undertaken in the ordinary course of business and does not present any related party concerns.

Conclusion

While the agreement demonstrates GRC Limited’s commitment to expanding its capabilities and presence in Singapore’s construction sector, the Board has clarified that there is no immediate, material impact expected on the company’s financial results or shareholder value for the current financial year. Investors should continue to monitor developments and future operational updates for potential financial implications.

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice or an offer to buy or sell securities. Investors should conduct their own due diligence and consult professional advisors before making investment decisions.

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