Hong Leong Asia Ltd. announced that Singapore Exchange Securities Trading Limited granted in-principle approval on May, 4 2026 for the listing and quotation of 50 million new ordinary shares on the Main Board.

The new shares are to be issued via private placement at 2.90 Singapore dollars each, potentially raising about 145 million Singapore dollars before expenses.

The approval is conditional on the company meeting SGX listing requirements, providing detailed disclosures on the use of proceeds, and ensuring that the shares are not allotted to parties restricted under Rule 812(1) of the listing manual.

The company said it will issue further updates when additional material developments arise.