CWT International (00521.HK): Joint Venture Established for Redevelopment of Singapore Property with Total Capital Contribution of Approximately SGD 51.75 Million

NewTimeSpace News: On 30 July 2026, CWT International (00521.HK) issued an announcement stating that CWT Pte., its wholly-owned subsidiary, has signed a joint venture agreement with HPC Realty and other joint venture partners to jointly invest in the redevelopment project of a property located in Tuas, Singapore.

As disclosed in the announcement, the joint venture company has secured external financing of up to approximately SGD 490 million. CWT Pte. will hold a 19% stake. Its total planned capital contribution of SGD 51.75 million (including an initial contribution of SGD 15.29 million and subsequent follow-on contributions) will be funded by the Group’s internal resources. CWT International stated that the project will sustain the Group’s warehousing footprint and capture opportunities arising from the westward relocation of Singapore’s port. Investors are reminded to exercise caution.

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