Tat Seng Packaging Group Ltd announced on Dec, 30 2025 that it has signed a business transfer agreement with wholly owned unit United Packaging Industries Pte. Ltd. (UPI) to take over UPI’s business, assets, liabilities and employees for an aggregate consideration of about 7.93 million Singapore dollars, subject to post-closing adjustments.

Completion is scheduled for Mar, 31 2026, when the consideration will be settled in cash and/or by setting it off against a dividend from UPI. The amount is based on UPI’s unaudited balance sheet as of Nov, 30 2025 and will be updated to reflect figures at Mar, 31 2026.

The group said the internal reorganisation aims to streamline its Singapore operations and improve operational efficiency.

Tat Seng Packaging expects the transaction to have no material effect on the group’s current-year results. Illustrative pro-forma figures show group net tangible asset (NTA) per share dipping slightly to 128.64 cents from 128.76 cents, and earnings per share (EPS) easing to 11.85 cents from 11.98 cents.

At the company level, NTA per share would rise to 84.38 cents from 72.91 cents, while EPS would increase to 18.40 cents from 15.23 cents.

The deal is classified as an internal transaction, so Singapore Exchange’s Chapter 10 rules on significant acquisitions or disposals do not apply, and no shareholder approval is required.