Lincotrade & Associates Holdings Announces Potential Acquisition of Opto-Pharm Pte Ltd

Key Highlights for Investors

• Non-Binding Term Sheet Signed: Lincotrade & Associates Holdings Limited (“Lincotrade” or the “Company”) announced that its indirect 50%-owned subsidiary, Linc-A Pte. Ltd. (“Linc-A”), has entered into a non-binding term sheet to acquire 100% of Opto-Pharm Pte Ltd (“Opto-Pharm”) for up to S\$17.0 million.
• Strategic Location and Asset Expansion: Opto-Pharm owns significant properties at 11 and 13 Tuas Avenue 12, Singapore. These are strategically located near Lincotrade’s main factory, providing opportunities for operational expansion, including the potential development of dormitories and ancillary support services.
• Exclusivity Period: The Vendor has agreed to a 90-day exclusivity period during which it cannot solicit or negotiate with other parties regarding a similar transaction.
• Deposit and Conditions: An initial S\$200,000 deposit is required upon signing, refundable if no definitive agreement is reached within 60 days. The acquisition is subject to multiple conditions including due diligence, regulatory and shareholder approvals, and satisfactory property legal requisitions.

Details of the Proposed Acquisition

On 28 April 2026, Lincotrade’s Board notified shareholders that Linc-A Pte. Ltd. has entered into a non-binding term sheet with Mr. Khoo Min, the sole owner of Opto-Pharm, to acquire 12,000,000 ordinary shares representing the full issued and paid-up capital of Opto-Pharm Pte Ltd.

Opto-Pharm is established in Singapore and specializes in the manufacture and distribution of pharmaceutical ophthalmic and other solutions. The company’s key assets are its industrial properties at 11 and 13 Tuas Avenue 12, which are highly valuable due to their proximity to Lincotrade’s main operations at 5 Tuas Ave 12.

The acquisition aims to allow Lincotrade to rationalize and expand its operations, particularly enabling the development of new support services and dormitory facilities for workers, leveraging the location advantages of the Target’s properties.

Terms and Conditions of the Deal

• Exclusivity: For 90 days from the date of the term sheet (extendable by mutual agreement), the Vendor and Target are prohibited from soliciting or engaging in similar discussions with third parties.
• Purchase Consideration: The estimated total consideration is up to S\$17.0 million, to be paid in tranches and subject to downward adjustment as specified in the final agreement.
• Deposit: An initial deposit of S\$200,000 is payable upon signing the term sheet. If no Sale and Purchase Agreement (SPA) is reached within 60 days (or mutually extended period), the deposit will be refunded to Linc-A within 7 business days.
• Conditions Precedent: The acquisition will only proceed if several key conditions are met, including:
  • Completion of due diligence to Linc-A’s satisfaction;
  • Satisfactory legal requisitions for the Target’s properties;
  • Approval from JTC for the acquisition and redevelopment plans;
  • All required regulatory and governmental consents;
  • Shareholder approval if the transaction is classified as a Major Transaction under the Catalist Rules.

Implications for Shareholders

Potential Share Price Impact: The acquisition, if successful, could represent a significant expansion of Lincotrade’s property and operational base, potentially increasing future revenue streams through the development of new facilities and services. However, shareholders should note that the deal is still at a non-binding stage and subject to multiple approvals and conditions.

Uncertainty: There is no certainty that a definitive agreement will be signed, nor that the final terms will match those described here. The Board strongly advises shareholders to exercise caution in trading the Company’s shares until further announcements are made.

Director and Shareholder Interests: None of the Company’s Directors or controlling shareholders have any direct or indirect interests in the Proposed Acquisition, except via their shareholdings in Lincotrade and/or Linc-A.

Next Steps and Further Announcements

Lincotrade will make further announcements in compliance with the Catalist Rules, including disclosures of relevant financial figures and the financial effects of the Proposed Acquisition. Shareholders are encouraged to closely monitor future updates from the Company.

Responsibility Statement

The Directors accept full responsibility for the accuracy and completeness of the information in the announcement. The content has been reviewed by the Company’s sponsor, SAC Capital Private Limited, but not by the Singapore Exchange Securities Trading Limited (SGX-ST).

Disclaimer

This article is prepared for informational purposes only and does not constitute investment advice. Shareholders and potential investors are strongly encouraged to consult their professional advisers before making any investment decisions. The information is based on the latest announcement by Lincotrade & Associates Holdings Limited as of 28 April 2026 and may be subject to change or updates.

View Lincotrade Historical chart here