Soon Hock Enterprise Holding Limited Announces Completion of Property Disposal

Key Highlights

• Completion of Disposal: Soon Hock Enterprise Holding Limited (“the Company”) has completed the sale of its property located at 8 Kaki Bukit Avenue 4 #03-06, Singapore 415875.
• Receipt of Sale Proceeds: The balance of the sale price for the property has been fully received by the Group, marking the official completion of the transaction.
• Subsidiary Involved: The property was held by Soon Hock Property Development Pte. Ltd., a wholly-owned subsidiary of the Company.
• Purchaser: The property was sold to Bright Oasis Pte. Ltd. and/or its nominee.
• No Related Party Transactions: None of the Directors or controlling shareholders of the Company has any direct or indirect interest in the transaction, apart from their respective shareholdings in the Company.
• Announcement Date: The completion was announced on 23 March 2026 by Executive Director and CEO, Tan Min Loon.
• Advisors: Maybank Securities Pte. Ltd. and United Overseas Bank Limited served as Joint Issue Managers, Global Coordinators, and Bookrunners for the Company’s initial public offering.

Implications for Shareholders

• Potential Impact on Share Value: The completion of this property disposal is a significant event for Soon Hock Enterprise Holding Limited as it may strengthen the Group’s cash position and enhance its financial flexibility. Investors should closely monitor future announcements regarding the utilisation of proceeds or any strategic redeployment of capital arising from this transaction, as these factors could be price sensitive and impact the Company’s valuation.
• Transparency and Corporate Governance: The announcement clearly states that none of the Company’s Directors or controlling shareholders has any interest in the transaction, which underscores strong corporate governance practices and reduces concerns about related party transactions or conflicts of interest.
• Strategic Focus: This disposal may form part of the Group’s broader strategy to streamline its operations, realise value from non-core assets, or reposition its asset portfolio. Shareholders should stay updated for any indication of reinvestment, special dividends, or other corporate actions following this sale, which may further influence share prices.

Details of the Property Disposal

The property at 8 Kaki Bukit Avenue 4 #03-06, Singapore 415875, was previously owned by Soon Hock Property Development Pte. Ltd., a wholly-owned subsidiary. The sale was executed with Bright Oasis Pte. Ltd. (or its nominee), with all sale proceeds now received. This marks the formal completion of the transaction, as per the Board’s update on 23 March 2026.

The Company previously announced the proposed disposal on 7 November 2025 and 27 November 2025. This recent update confirms that all conditions precedent have been satisfied and the transaction is now closed.

Important Notices

• Maybank Securities Pte. Ltd. and United Overseas Bank Limited, as Joint Issue Managers, Global Coordinators, and Joint Bookrunners for the initial public offering of Soon Hock Enterprise Holding Limited, have clarified that they assume no responsibility for the contents of this announcement.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation 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 information is based on the latest company announcement as of 23 March 2026 and may be subject to further updates and clarifications by the Company or relevant authorities.

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