Mooreast Holdings Ltd. Updates Investors on Extension of Proposed Property Acquisition Timeline

Key Highlights for Investors

• Proposed Acquisition: Mooreast Asia Pte. Ltd., a wholly-owned subsidiary of Mooreast Holdings Ltd., is progressing with plans to acquire the property at 60 Shipyard Crescent, Singapore 627735. The acquisition includes all existing plant, equipment, and machinery located on the site.
• Vendor: The property owner is Seatrium New Energy Limited.
• Option to Purchase (OTP): The acquisition is governed by an Option to Purchase granted on 10 June 2024, with subsequent supplements and variations to its terms.
• Timeline Extension: As of 30 January 2026, Mooreast Asia Pte. Ltd. and Seatrium New Energy Limited have agreed to a third extension of the “Long Stop Date” for completing the acquisition, moving it from 31 January 2026 to 24 February 2026. This extension is to allow additional time for obtaining requisite regulatory approvals.
• All Other Terms Remain Unchanged: Except for the timeline extension, all other terms and conditions of the OTP remain in full force and effect.

Potentially Price-Sensitive Information

• The extension of the Long Stop Date could signal to investors that the transaction is complex and subject to regulatory approvals, which may introduce uncertainty or delays in completion.
• The successful completion of the acquisition will be a significant milestone for Mooreast Holdings Ltd., potentially enhancing its operational capabilities and asset base, which could positively impact future earnings and share valuation.
• No directors or controlling shareholders have any direct or indirect interest in the extension, minimizing concerns of conflicts of interest.
• The company has assured shareholders that further announcements will be made as material developments occur, indicating an ongoing commitment to transparency.

What Shareholders Need to Know

• Regulatory Approvals Are Outstanding: The main reason for the extension is to allow more time for obtaining necessary approvals from relevant government authorities.
• Caution Advised: Shareholders are strongly advised to exercise caution when dealing in shares of Mooreast Holdings Ltd. until the acquisition is finalized and further information is provided.
• Professional Advice: If shareholders are uncertain about the implications of this update, they are encouraged to consult their professional advisors such as stockbrokers, bank managers, solicitors, or accountants.
• No Immediate Change to Ownership or Operations: Until the acquisition is completed, there will be no change to the company’s operational footprint at 60 Shipyard Crescent.

Additional Details

• This announcement was made by Eirik Ellingsen, Chief Executive Officer of Mooreast Holdings Ltd., on 30 January 2026.
• The company’s sponsor, UOB Kay Hian Private Limited, has reviewed the announcement; however, the Singapore Exchange Securities Trading Limited (SGX-ST) has neither examined nor approved it and takes no responsibility for its content.
• Contact for Sponsor: Mr. Lance Tan, Senior Vice President at UOB Kay Hian Private Limited, 83 Clemenceau Avenue, #10-01 UE Square, Singapore 239920, Tel: (65) 6590 6881.

Conclusion

The extension of the Long Stop Date for the acquisition of 60 Shipyard Crescent is a significant development for Mooreast Holdings Ltd. While the completion of the deal is pending regulatory approvals, the acquisition, once finalized, is expected to bolster the group’s asset base and operational capabilities. Investors should monitor further updates from the company and exercise due caution in trading the company’s shares until the transaction is finalized.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with qualified financial or professional advisors before making investment decisions. The information above is based on company announcements and may be subject to change.

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