GS Holdings Limited Proposes Strategic Name Change to Octopus (APAC) Holdings Limited

Key Developments and Implications for Investors

Highlights of the Announcement

• Proposed Name Change: GS Holdings Limited (“GS Holdings” or the “Company”) has announced a proposed change of its corporate name to “Octopus (APAC) Holdings Limited”, reflecting a significant shift in its business identity and strategic direction.
• Shareholder Approval Required: The proposed change will be subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM). Details of the EGM and the name change will be circulated to shareholders in due course.
• Business Transformation: The Group has moved beyond its traditional F&B retail business, recently completing a series of acquisitions in the beverage solutions and distribution space, thus expanding its business model and revenue streams.
• Recent Acquisitions:
  • Acquired Octopus Distribution Networks Pte. Ltd. (“ODN”) in May 2025 – an integrated beverage solutions provider with services ranging from brand creation to supply chain management and distribution.
  • Completed acquisition of the distribution business of LHA Food & Beverages Pte. Ltd. in September 2025.
  • Announced proposed acquisition of Dyspatchr Pte. Ltd. in November 2025, further deepening the Group’s market presence and product portfolio.
• Divestment of Subsidiaries: On 4 February 2026, the Company entered into a conditional agreement to sell all shares in Hawkerway Pte. Ltd., which is the holding company for its F&B operating subsidiaries. This marks a strategic exit from its legacy food court, coffee shop, and eating house operations.
• Name Reservation: The new name “Octopus (APAC) Holdings Limited” has been reserved with the Accounting and Corporate Regulatory Authority of Singapore (ACRA) until 29 April 2026.

Strategic Rationale and Potential Share Price Impact

The proposed name change is not merely cosmetic; it signals a comprehensive transformation of the Company’s business model, aligning it with its new core activities in beverage solutions and distribution. By moving upstream in the F&B value chain and divesting legacy retail operations, the Company is positioning itself for enhanced business resilience, a broader product portfolio (including both mainstream and independent brands), and a pan-Asian growth strategy through franchising, licensing, and distribution.

These changes are highly significant and potentially price-sensitive, as they:

• Reflect a shift in the Company’s core competencies and market positioning.
• May alter the risk and growth profile of the Group, appealing to a different set of investors and stakeholders.
• Could lead to re-rating of the Company’s shares depending on market perception of management’s ability to execute its new strategy and the success of recent and proposed acquisitions.
• Entail the disposal of legacy assets, freeing up capital and management bandwidth for new business lines.

Investors should monitor the upcoming EGM closely, as shareholder approval is required for the name change and, by extension, for endorsing the new strategic direction. Additionally, further announcements will be made regarding material developments on the name change and related corporate actions.

What Shareholders Need to Know

• The proposed name change is subject to shareholders’ approval at the EGM. The Company will issue a circular with EGM details soon.
• The transformation of GS Holdings from an F&B operator to a regional beverage solutions platform is well underway, with key acquisitions already completed and further acquisitions planned.
• The divestment of its legacy food court and coffee shop operations underscores management’s commitment to the new business focus.
• Upon approval, all company documents, contracts, and its Constitution will reflect the new name, Octopus (APAC) Holdings Limited.

The Company’s Board has confirmed the accuracy and completeness of information disclosed in this announcement. Investors are advised to stay updated via future company communications.

Next Steps

• The EGM date and circular will be announced in due course.
• Watch for further material announcements regarding the name change and business strategy.

Disclaimer: The above article is a summary and analysis based on the official company announcement. It does not constitute investment advice. Investors should conduct their own due diligence or consult their financial advisors before making any investment decisions. The Singapore Exchange Securities Trading Limited (SGX-ST) assumes no responsibility for the contents of this article.

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