Key Highlights for Investors
- Figtree Holdings Limited (“Figtree” or the “Company”) has announced that its associated company, DC Alliance Pte. Ltd. (“DCAPL”), has entered into a letter of intent to dispose of a 51% stake in its issued and paid-up share capital.
- The Proposed Disposal will see Asiaphos Limited acquiring this 51% interest in DCAPL.
- DCAPL’s main asset is its wholly-owned subsidiary, Pier DC Pty Ltd, which owns and operates a data centre facility located at 1 Martin Place, Canning Vale, Western Australia.
- The Group’s current ownership in DCAPL is 26.45%. Following the transaction, Figtree’s interest in DCAPL will be reduced to approximately 13.00%.
- As a result of the reduced stake, DCAPL will cease to be an associated company of Figtree Holdings and will instead be classified as “other investment” in the Group’s financial statements.
- The disposal has been approved by both the DCAPL board and its shareholders.
- The Company expects the disposal to have a material positive financial impact on the Group for the financial year ending 31 December 2026, taking into account the Group’s most recent financial position as of 31 December 2025.
- None of the directors or controlling shareholders of Figtree Holdings has any direct or indirect interest in the Proposed Disposal.
Details and Strategic Implications
The disposal of a majority stake in DCAPL represents a significant strategic shift for Figtree Holdings. The transaction is likely to unlock value from its investment in the data centre business in Australia, positioning the Group to realize gains and redeploy capital into other ventures. DCAPL’s asset—a data centre in Western Australia—has been a core part of the Group’s international portfolio, and the reduction in stake will mean decreased influence but also marks a strategic monetization event.
The transaction has been structured to ensure all necessary corporate governance approvals are in place, with the DCAPL board and shareholders giving their consent. The deal is also likely to be closely watched by investors given its expected material positive impact on Figtree Holdings’ financial results for 2026.
The announcement also includes a link to further details released by Asiaphos Limited, the acquiring party, which is available for public review.
What Shareholders Need to Know
- This disposal is a potentially price-sensitive event as it is expected to materially improve the Group’s financials for the next year. Investors should monitor further announcements for details on the valuation and terms of the deal.
- With DCAPL no longer being an associated company, the structure of Figtree Holdings’ asset portfolio will change, which may affect long-term earnings and investment profile.
- Shareholders are encouraged to review the full announcement from Asiaphos Limited for additional context and to follow up on the execution and completion of the sale.
- The disposal demonstrates management’s ongoing efforts to optimize the Group’s portfolio and could signal further strategic initiatives in the property and data centre sectors.
About Figtree Holdings Limited
Established in 2009, Figtree Holdings Limited is a provider of commercial and industrial real estate solutions, with operations in Singapore, China, Malaysia, and Australia. The Group acts as a main contractor for new builds and refurbishments in Singapore, and offers design, project, and construction management consulting in China and Malaysia. Figtree is listed on the SGX Catalist board and continues to explore new property development and investment opportunities, particularly in Australia.
This transaction underlines Figtree’s proactive approach to portfolio management and its continued search for value creation opportunities in its key markets.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a qualified financial advisor before making investment decisions. Neither the author nor the publisher takes responsibility for any actions taken based on the information provided herein.
