Uni-Asia Group Limited Announces Establishment of Subsidiary and Liquidation of Dormant Entity

Key Highlights from the Latest Corporate Announcement

• Establishment of New Subsidiary, Diamond Bulkship S.A., for Strategic Vessel Acquisition
• Members’ Voluntary Liquidation of Dormant Subsidiary, Hope Bulkship S.A.
• No Material Impact Expected on Financials for the Current Year
• No Director or Controlling Shareholder Interests in the Transactions

Detailed Overview of the Announcement

1. Establishment of Diamond Bulkship S.A. for New Vessel Acquisition

Uni-Asia Group Limited (“the Company”) has incorporated a new subsidiary, Diamond Bulkship S.A. (“Diamond”), in Panama as part of a strategic move to acquire the vessel M/V Trident Star. This initiative follows shareholder approval at the Extraordinary General Meeting held on 27 November 2025, where investors voted in favor of the proposed acquisition from Polaris Bulkship S.A. for a purchase consideration of US\$18.40 million.

Diamond was established on 24 October 2025 with an authorised share capital of US\$8,160,000, divided into 816,000 ordinary shares of US\$10 each. Uni-Asia Shipping Limited (“UAS”), a wholly owned subsidiary of Uni-Asia Group, subscribed to 531,216 ordinary shares, equivalent to US\$5,312,160 and representing a 65.1% equity stake in Diamond. The subscription was fully funded in cash using Uni-Asia’s internal resources, with the payment completed on 4 December 2025.

Implications for Shareholders: The establishment of Diamond and the acquisition of M/V Trident Star signals Uni-Asia’s continued commitment to expanding its shipping portfolio and enhancing its asset base. Given the significant outlay and the addition of a new vessel, this move could potentially strengthen Uni-Asia’s shipping operations and revenues over the long-term. However, management has indicated that the transaction is not expected to have any material impact on the Group’s net tangible assets per share, earnings per share, or operating results for the current financial year. Investors should note that the acquisition was made without external financing, reflecting the Group’s robust internal cash position.

2. Voluntary Liquidation of Hope Bulkship S.A.

In a move to streamline its corporate structure, Uni-Asia has wound up Hope Bulkship S.A. (“Hope”), a 100% indirectly owned subsidiary, via a members’ voluntary liquidation effective 18 November 2025. Hope had been dormant following the disposal of its dry bulk ship investment.

Implications for Shareholders: The voluntary liquidation of a dormant subsidiary is unlikely to impact the Group’s operations or financials, and is part of ongoing efforts to rationalize the Group’s structure and eliminate inactive entities.

Other Important Information for Investors

• No director or controlling shareholder has any direct or indirect interest in these transactions.
• The transactions are not expected to have a material effect on the Group’s net tangible assets per share, earnings per share, or operating results for the current financial year.

Potential Price Sensitivity

While the establishment of Diamond Bulkship S.A. and the acquisition of M/V Trident Star represent strategic investments in Uni-Asia’s core business, management’s statement that these moves will not materially impact near-term financials may limit immediate share price reaction. However, investors should monitor future updates regarding the operational contribution of the new vessel, as any outperformance or underperformance could influence market sentiment.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions. The writer and publisher do not hold any positions in Uni-Asia Group Limited at the time of publication.

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