Republic Healthcare Limited has agreed in principle to acquire a 1,658-square-foot industrial unit at Unit #06-07, 10 Ubi Crescent, Singapore, for SGD1.03 million, equivalent to about SGD 621 per square foot. The transaction was reached on 21 April 2026 between Republic Healthcare Holdings Pte. Ltd., an indirect wholly owned subsidiary, and Benedicici Pte. Ltd. Completion remains subject to signing a formal sale-and-purchase agreement and other customary conditions.

The target asset is a leasehold property with a 60-year tenure commencing 5 July 1997 and expiring 4 July 2057, leaving roughly 31 years of remaining lease term. Management intends to classify the premises as an investment property aimed at generating rental income, diversifying revenue streams, and providing potential capital appreciation alongside inflation protection.

Valuation metrics are in line with recent nearby transactions: comparable units in the same building changed hands between 26 January and 3 February 2026 at SGD 624–627 per square foot. The purchase will be financed through a mix of internal resources and bank borrowings.

Under Hong Kong’s GEM Listing Rules, the deal meets the criteria of a discloseable transaction, as the highest applicable percentage ratio exceeds 5 % but is below 25 %. Accordingly, it is subject to reporting and announcement requirements under Chapter 19 of the GEM Listing Rules.

Republic Healthcare operates medical clinics and healthcare-related education services in Singapore. The vendor, Benedicici Pte. Ltd., is an independent third party with no connection to the company. Shareholders are cautioned that completion is not yet assured pending final documentation and conditions precedent.