Soon Hock Enterprise Holding Limited Wins S\$120.51 Million En-Bloc Tender for Kewalram House

Key Highlights of the Announcement

• Tender Awarded: Soon Hock (4) Pte Ltd, a subsidiary of Soon Hock Enterprise Holding Limited, has successfully secured the tender to purchase Kewalram House on an en-bloc basis.
• Acquisition Price: The total sale price for the development is S\$120,510,000.00.
• Property Details: The acquisition covers 28, 30, 32, 34, 36 Jalan Kilang Barat and 8 Jalan Kilang Timor, Singapore.
• Tenure: The property has a 99-year leasehold tenure commencing from 1 January 1961.
• Date of Award: The tender was accepted on 24 March 2026.

Strategic and Financial Implications

The Company describes the acquisition as a “strategic redevelopment opportunity” that aligns with its long-term growth objectives. By acquiring Kewalram House, Soon Hock Enterprise aims to:

• Expand and strengthen its industrial property portfolio in Singapore.
• Capitalize on potential for redevelopment or asset enhancement, which could drive future earnings growth.
• Enhance shareholder value by positioning the Group for greater participation in Singapore’s industrial property market.

Potential Price-Sensitive Matters for Shareholders

• Sizeable Capital Outlay: The S\$120.51 million acquisition represents a significant investment by the Group, which may impact cash flow, debt levels, or future fund-raising activities.
• Growth Potential: The redevelopment opportunity could positively affect the Company’s asset base and profitability, potentially moving the share price depending on execution and market conditions.
• No Director/Shareholder Conflicts: The Company has confirmed that none of its directors, controlling shareholders, or their associates have any direct or indirect interest in the transaction, aside from their ownership interests in the Company itself.
• Cautionary Note: Shareholders are explicitly advised to exercise caution in trading Soon Hock Enterprise shares, as further details or developments may be announced that could impact valuation.

Next Steps and Shareholder Advisory

The Company will provide additional announcements as more information about the acquisition and its implications become available. Shareholders are urged to keep abreast of future updates and to consult with professional advisors if they have any doubts or require guidance regarding their investment decisions.

Important: This acquisition is potentially a material event for Soon Hock Enterprise Holding Limited, and any changes in the redevelopment plan, financing arrangements, or regulatory matters could significantly affect the Company’s share price.

Disclaimer

This article is for informational purposes only and does not constitute financial advice or an offer to buy or sell any securities. Investors are advised to conduct their own due diligence and consult their professional advisors before making investment decisions. The Company may make further announcements which could affect the information provided herein.

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