REPUBLIC HC (08357) subsidiary plans to acquire a Singapore property for 1.03 million new dollars.

REPUBLIC HC (08357) announced that on April 21, 2026, the buyer (an indirect wholly-owned subsidiary of the company Republic Healthcare Holdings Pte Ltd) and the seller Benedicici Pte Ltd reached a preliminary agreement. According to the agreement, the seller agreed to sell and the buyer agreed to purchase the property for a price of 1.03 million Singapore dollars. The property is located at Unit #06-07, 10 Ubi Crescent, Singapore 408564, with a total floor area of approximately 1658 square feet. The group intends to hold the property as an investment property to generate rental income. The directors believe that the acquisition provides the group with an opportunity to diversify its sources of income and enhance the stability of its recurring income base. The property is located in a mature commercial area in Singapore and is expected to provide stable rental demand in the long term. Furthermore, the acquisition allows the group to invest funds in tangible assets with capital appreciation potential, while also offsetting the impact of inflation through rental income growth.