BHCC HOLDING (01552) subsidiary consortium bidding for industrial land in Singapore

BHCC HOLDING (01552) issued an announcement on August 19, 2025, stating that its indirectly wholly-owned subsidiary, BHCC Project 2, along with other bidders, jointly submitted a tender to lease industrial land in Singapore (located in Sengkang West, Singapore) for industrial development. According to the bidding conditions, the bid security (including BHCC's security deposit of approximately 3 million Singapore dollars) has been paid to the tenderer, which is not less than 5% of the bid price. If the bid is successful, the bid security will be used to pay part of the bid price; if the bid is unsuccessful, the bid security will be returned to the bidder upon the expiry of the bid validity period or before, that is, on the last day of the ten weeks after the expiration of the bid validity period or any extension period notified by the tenderer. Before paying the bid security, BHCC Project 2 signed a pre-bid agreement with other bidders, which involved (including) the intention to jointly submit bids and establish a joint venture company after the bid is accepted, which includes the lease and development of land. The announcement stated that the company is optimistic that, if the bid is successful, acquiring the land parcel will allow the company to strengthen its real estate development division and diversify its real estate development portfolio.