Aedge Group’s Subsidiary Exercises Option Purchase Balance Lease 219 Kallang Bahru About 14 Mil

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Aedge Group’s subsidiary HPF Holdings, in which the company holds a 51% stake, has exercised its option to purchase the remaining lease for a property located at 219 Kallang Bahru. A deposit of $559,520 has been paid to the property’s current owner, Chutex Holdings, with the balance of $13.29 million to be paid upon completion of the transaction on June 1, 2026. In addition to the option money that was paid on issuance of the option, which amounted to 1% of the consideration price of approximately $14 million, the deposit has been made to secure the purchase. The property, which has a 60-year lease term beginning on Feb 20, 1984, was granted by Jurong Town Corporation. It covers a land area of 2,652.1 square metres and a built-up area of 6,617.9 square metres. Aedge Group’s shares remained unchanged at 28 cents as at the closing of trading on Sept 22.