Chasen Holdings Limited Announces Strategic Subsidiary Acquisition and Transfer of Treasury Shares

Chasen Holdings Limited (“Chasen” or “the Company”) has made two significant announcements that could have notable implications for its shareholders and share price:

• Use and Transfer of Treasury Shares
• Completion of Acquisition of Additional 22.05% Stake in a Key Subsidiary

Key Highlights from the Announcement

• Transfer of Treasury Shares:
  • On 20 March 2026, Chasen transferred 6,393,684 treasury shares from its Share Buyback Account with The Central Depository (Private) Limited.
  • This transfer was specifically executed to facilitate the acquisition of an additional 22.05% stake in its subsidiary, RPT.
  • After the transfer, Chasen’s treasury shares dropped from 6,394,207 to just 523, leaving almost no treasury shares remaining.
  • The transferred shares represent approximately 1.6718% of the total shares outstanding prior to the transfer, and only 0.0001% after the transfer.
  • The value of the transferred treasury shares amounted to \$571,587.33.
• Completion of Subsidiary Acquisition:
  • The acquisition of an additional 22.05% in RPT has been completed as of 20 March 2026.
  • This strategic move increases Chasen’s control and ownership in RPT, potentially enhancing its earnings base and influence over subsidiary operations.

Important Considerations for Shareholders

• Significant Reduction in Treasury Shares: The transfer leaves the Company with only 523 treasury shares, dramatically reducing its ability to use treasury shares for future purposes such as corporate actions, share buybacks, or employee incentive schemes.
• Potential Impact on Share Price: The completion of the acquisition and the transfer of a substantial amount of treasury shares is a material event. The increased ownership in RPT could potentially lead to higher consolidated profits, improved cash flows, and greater strategic flexibility for Chasen.
• Valuation Implications: The value assigned to the transferred shares (\$571,587.33) provides insight into the valuation of the transaction, which may affect how analysts and investors assess Chasen’s asset base and financial health.
• Changes in Share Capital Structure: The percentage calculations show a shift in the Company’s share structure, which may affect liquidity and free float.

What Investors Should Watch For

• The successful completion of this acquisition could be a catalyst for share price movement, especially if the subsidiary delivers strong financial performance going forward.
• With nearly all treasury shares now deployed, future corporate actions involving treasury shares are unlikely unless the Company initiates a new buyback program.
• Investors should monitor upcoming disclosures for any impact of the acquisition on Chasen’s consolidated financials, as well as management commentary on integration and future plans for RPT.

Management Statement

Low Weng Fatt, the Managing Director and CEO of Chasen Holdings Limited, confirmed the completion of the acquisition and the transfer of treasury shares on 20 March 2026.

Disclaimer: This article is based on publicly disclosed information and is intended for informational purposes only. It does not constitute investment advice. Investors should conduct their own research and consult professional financial advisors before making any investment decisions.

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