Core Viewpoint - The company, Shouyi Holdings (02227), has announced the sale of a property located at 450 Tagore Industrial Avenue, Singapore, for SGD 21 million, which is seen as a favorable opportunity to realize the property's higher value and strengthen the company's financial position [1]. Financial and Operational Considerations - The board has assessed the current financial status and business operations of the group, along with the overall economic and property market conditions in Singapore, concluding that the current market presents a good opportunity for the company [1]. - The proceeds from the sale will enhance the group's financial stability and increase general working capital [1]. Property Utilization - The property has been used as a dormitory for the group, with the office and warehouse only partially utilized, indicating that it has not reached its maximum potential [1]. - The property was originally acquired to increase office space, warehouse, and dormitory for a project expected to be completed in the first quarter of 2027 [1]. Future Prospects - The company is currently bidding for significant projects, and the proceeds from the sale are expected to improve cash flow and liquidity [1].
守益控股附属授出选择权 拟2100万新加坡元出售新加坡物业