Solis Holdings Limited has entered into an option agreement classed as a major transaction, paving the way for the disposal of its freehold industrial property at 450 Tagore Industrial Avenue, Singapore, for S$21.00 million (approximately HK$128.94 million).

The option was granted on 2 February 2026 by Solis’ wholly-owned subsidiary, Sing Moh Electrical Engineering, to Straits Teamwork Pte Ltd. An option fee of S$0.21 million—equivalent to 1 % of the consideration—has been received. Should the purchaser exercise the option within 14 days after 22 October 2026, a further S$0.84 million deposit will be payable, with the S$19.95 million balance due at completion, scheduled for 31 March 2027.

Independent valuer Cushman & Wakefield assessed the property at S$19.00 million as at 31 December 2025, versus a carrying amount of S$14.50 million. The transaction therefore crystallises a revaluation gain of roughly S$2.00 million; after estimated transaction costs of S$0.50 million, consolidated net assets are projected to rise by about S$1.50 million.

Net proceeds of around S$20.50 million will be directed to general working capital. The property, currently used partly as office, warehouse and dormitory space, will be vacated on completion.

Shareholders representing 60.33 % of Solis’ issued share capital—principally HMK Investment Holdings and Executive Chairman Mr Tay Yong Hua—have provided written approval; hence no general meeting is required under Hong Kong Listing Rule 14.44. The disposal marks Solis Holdings’ strategy to realise asset value and bolster liquidity ahead of forthcoming project tenders.