Sun Venture Homes Pte. Ltd. entered into a share purchase agreement to acquire 40% stake in Westgate Tower Pte. Ltd. and Westgate Commercial Pte. Ltd. from Low Keng Huat (Singapore) Limited (SGX:F1E) for SGD 97 million on June 11, 2021. The consideration of SGD 97 million consists of SGD 80.5 million for shareholders's loan to Low Keng Huat (Singapore) Limited and SGD 16.6 million for consideration. For the year ending January 31, 2021, both Westgate Tower Pte. Ltd. and Westgate Commercial Pte. Ltd. reported combined net loss of SGD 5.8 million. The transaction is expected to complete by September 11, 2021.

Sun Venture Homes Pte. Ltd. completed acquisition of 40% stake in Westgate Tower Pte. Ltd. and Westgate Commercial Pte. Ltd. from Low Keng Huat (Singapore) Limited (SGX:F1E) on June 30, 2021.