Soon Hock Enterprise Holding Limited: Update on Disposal of Property at 8 Kaki Bukit Avenue 4

Key Highlights

• Property Disposal Update: Soon Hock Enterprise Holding Limited (“Soon Hock” or “the Company”) has provided a significant update regarding the disposal of its property located at 8 Kaki Bukit Avenue 4 #02-02, Singapore 415875.
• Exercise of Option to Purchase: The Purchaser, Vivre Creative Design Pte. Ltd., has exercised its previously granted Option to Purchase on 24 February 2026. This represents a formal commitment to acquire the property.
• Total Consideration: The agreed sale price is S\$1,500,000, excluding Goods and Services Tax (GST).
• Deposit Paid: A deposit of S\$1,000 (equivalent to 0.07% of the consideration) plus S\$90 (GST on the deposit) has been paid by the Purchaser upon exercising the option.
• Completion Timeline: The completion of the transaction is expected to take place on 30 June 2026.
• Balance Payment: Upon completion, the Purchaser will pay the remaining balance of S\$1,424,000 (representing 94.93% of the consideration) plus GST at the prevailing rate.

Details for Investors and Shareholders

The disposal of this property is being conducted through Soon Hock’s wholly owned subsidiary, Soon Hock Property Development Pte. Ltd. The sale is part of the Company’s ongoing efforts to manage its asset portfolio and may have a direct impact on its financial position, cash flow, and asset base.

Price-Sensitive Information:

• This disposal represents a material asset transaction for the Company, given the size of the consideration (S\$1.5 million).
• The completion of the sale will result in a cash inflow, which could potentially be used for other strategic investments, debt reduction, or distribution to shareholders.
• The transaction will be completed only upon receipt of the full balance and GST, scheduled for 30 June 2026. Any changes or delays in completion may affect the Company’s financial outlook.

Share Price Impact:
The successful completion of this disposal may positively impact Soon Hock’s share price, as it unlocks value from its property portfolio and strengthens its liquidity position. Investors should monitor for further updates as the transaction approaches completion.

Additional Information

• Maybank Securities Pte. Ltd. and United Overseas Bank Limited are acting as Joint Issue Managers, Joint Global Coordinators, and Joint Bookrunners for Soon Hock’s initial public offering. However, they assume no responsibility for the contents of this announcement.
• This update follows the earlier announcement made by the Company on 28 November 2025 regarding the grant of the option to purchase.
• The Company is led by Executive Director and Chief Executive Officer, Tan Min Loon, who authorised this update on 24 February 2026.

Conclusion

Investors and shareholders should take note of this material development, as property disposals of this scale can meaningfully influence the Company’s balance sheet and its overall strategic direction. The anticipated cash inflow and redeployment of capital may be price-sensitive and could drive movements in the Company’s share price.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence and consult with professional advisers before making any investment decisions. The information is based on the latest public disclosures from Soon Hock Enterprise Holding Limited as of 24 February 2026. Neither the author nor the publisher assumes any responsibility for investment decisions made based on this report.

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