SSHL Announces Completion of 100% Equity Acquisition of Fuzhou Tianfujia Industrial Co., Ltd.

NewTimeSpace News: On March 24, 2026, SSHL issued an announcement stating the official completion of the proposed acquisition of the entire equity interest in Fuzhou Tianfujia Industrial Co., Ltd.. As learned, the acquisition had been disclosed through multiple previous announcements, all relevant conditions precedent have been fulfilled, and the transfer of equity interest was completed on March 10.

Pursuant to the terms of the acquisition agreement, the total consideration for this acquisition is S$1 million, which SSHL will pay by issuing 34,482,758 consideration shares to the vendors at an issue price of S$0.029 per share.

The announcement indicated that the issued consideration shares are free from any encumbrances such as pledges and mortgages. Save that they are not entitled to dividends, allotments and other distributions with a record date falling prior to the issue date of the consideration shares, the shares rank pari passu in all respects with the existing issued shares of SSHL.

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