Link: https://links.sgx.com/1.0.0/corporate-announcements/IFIGWUNQT73SPB6W/ae0e9384f02d363377a310e47dd6b16c373c7e41f02841c0a25e0ffaacd7c385

Summary:

• Enviro-Hub Holdings Ltd's subsidiary, Cimelia Resource Recovery Pte. Ltd., is acquiring a leasehold property at 1 Tech Park Crescent from Leoch Battery Pte. Ltd. for S$5.55 million.

• The property has a remaining lease tenure of approximately 28 years, expiring on 17 August 2053.

• The acquisition option was exercised on 11 June 2025, with a 4% option fee of S$222,000 paid.

• The transaction is expected to complete by 3 September 2025, subject to regulatory approvals.

• Enviro-Hub plans to use the site as its new head office, and to establish a precious metal refining plant and laboratory.

• The acquisition will be funded through a mix of internal resources and bank borrowings.

• No formal valuation was conducted; the price was based on arm’s length negotiations and market comparables.