Soon Hock Enterprise Holding Limited said its wholly-owned subsidiary, Soon Hock (1) Pte. Ltd., has accepted two term-loan facilities totaling 130.68 million Singapore dollars from HL Bank on Nov, 27 2025.

The funds will cover the remaining 101.9 million Singapore dollars payable for the acquisition of 20 Shaw Road, Singapore, and support plans to redevelop the property into a ramp-up strata food factory with an integrated workers’ dormitory.

Under the agreement, an event of default occurs if Soon Hock (1) ceases to be a subsidiary of the parent company or if its current management is displaced or materially curtailed. A default would allow HL Bank to accelerate repayment of the outstanding amount, which may reach the full facility limit.

The board said there has been no breach of these conditions to date, and no directors or controlling shareholders hold any direct or indirect interest in the facilities beyond their shareholdings or directorships in the company.

The company advised investors to exercise caution when trading its shares and stated it will provide further updates as necessary.