Debao Property Development Ltd. Provides Update on Striking Off of Wholly-Owned Subsidiaries

Debao Property Development Ltd. (“the Company”) has released a significant update concerning its two wholly-owned subsidiaries, Dynamic Real Estate Holdings Pte. Ltd. and Derong Real Estate Holdings Pte. Ltd. This development follows the Company’s earlier announcements made on 27 February 2026 and 19 April 2026 regarding the proposed striking off of these subsidiaries.

Key Highlights of the Announcement

• Striking Off Process Halted: The Accounting and Corporate Regulatory Authority (ACRA) of Singapore has informed the subsidiaries on 30 April 2026 that it has accepted and approved the Company’s formal objection to the proposed striking off of Dynamic Real Estate Holdings Pte. Ltd. and Derong Real Estate Holdings Pte. Ltd.
• Reason for Objection: Although both subsidiaries are currently not carrying on any business or in operation, they are holding assets on behalf of the Company. This was a key reason cited by Debao Property Development Ltd. in its objection to the striking off process.
• Corporate Structure Maintained: As a result of the objection, both subsidiaries will remain in existence and will not be removed from the register as previously proposed.

Key Points for Shareholders and Investors

• Asset Retention: The subsidiaries, despite being inactive operationally, continue to hold assets belonging to the Company. This is a crucial consideration for investors, as the retention of these entities may have direct implications for the Company’s asset base and long-term financial health.
• No Conflict of Interest: None of the directors, controlling shareholders, or substantial shareholders of Debao Property Development Ltd. have any direct or indirect interest in the subsidiaries aside from their general shareholding in the Company.
• Potential Share Price Impact: The decision to retain the subsidiaries and preserve their asset holdings could be viewed as a positive sign for the Company’s asset management strategy. Investors should monitor for further updates, as changes in the asset structure or future operational plans for these subsidiaries could influence the Company’s valuation and market perception.
• Ongoing Updates: The Board has committed to keeping shareholders informed about any material developments related to the subsidiaries.

Conclusion

This update signals Debao Property Development Ltd.’s intent to safeguard its asset base by maintaining its ownership of Dynamic Real Estate Holdings Pte. Ltd. and Derong Real Estate Holdings Pte. Ltd., despite their current inactive status. This move may be significant for shareholders concerned about the Company’s long-term asset security and future growth opportunities.

Disclaimer: This article is for information purposes only and does not constitute investment advice or an offer to buy or sell any securities. Investors should consider their own circumstances and seek independent professional advice before making investment decisions.

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