Key Highlights:

• Acquisition Target: 100% of the issued and paid-up share capital of Fastweld Engineering Construction Pte. Ltd..
• Consideration: An aggregate sum of S$4,300,000, determined on a willing-buyer and willing-seller basis.
• Strategic Rationale: Diversifies the Group’s revenue base and provides a platform in the engineering sector that is complementary to existing logistics operations.
• Financial Impact: Based on FY2025 audited results, the acquisition is expected to increase profit attributable to equity holders from S$$102,000toS\$$325,000 on a pro forma basis.
• Regulatory Compliance: The transaction is classified as a "Major Transaction" and an "Interested Person Transaction," requiring approval from Shareholders at an Extraordinary General Meeting (EGM).

https://links.sgx.com/FileOpen/EEL%20-%20Proposed%20Acquistion%20-%20Fastweld.ashx?App=Announcement&FileID=886030