KSH Holdings forms joint venture to redevelop 680 Upper Thomson Road

SGX Filings10-22

KSH Holdings Limited said on Oct, 22 2025 that its indirect wholly-owned unit, KSH Blazar Pte. Ltd., has signed a joint-venture agreement with six other parties to invest in and redevelop the property at 680 Upper Thomson Road, Singapore.

Under the agreement, Thomson Gem Pte. Ltd. will issue 900 new ordinary shares at 1 Singapore dollar each. KSH Blazar will subscribe for 250 of these shares, giving it a 25.0% stake in the joint-venture company. Macritchie Developments Pte. Ltd. will hold 26.5%, CP ‑ Tagore Pte. Ltd. 22.5%, Soon Hock Fortune Pte. Ltd. 10.0%, Petrus Capital Holdings Pte. Ltd. 5.0%, WPS (TPY) Pte. Ltd. 5.0%, and private investors Tay Lian Xie Tarol and Chin Hong Oon 3.0% each.

The property developer secured the collective sale of the freehold site and plans to redevelop it once the purchase is completed and regulatory approvals are obtained. KSH said the deal is not expected to have a material impact on its earnings or net tangible assets for the year ending Mar, 31 2026.

No directors or substantial shareholders of KSH Holdings have any direct or indirect interest in the transaction, the company added.

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