Wee Hur sets up A$40 million Australian land JV with related party

SGX Filings

Dec 08, 2025

Wee Hur Holdings Ltd. said on Dec, 08 2025 that wholly-owned unit Wee Hur (Australia) Pte. Ltd. has formed an 80:20 joint venture with WM (Australia) Pte. Ltd., creating Wee Hur Australia (Land) Pte. Ltd. to invest in residential land subdivision projects in Australia.

The Singapore-incorporated special-purpose vehicle has an initial issued capital of A$100, of which Wee Hur (Australia) subscribed A$80 and WM (Australia) A$20. Wee Hur (Australia) is expected to extend shareholder loans of up to A$40 million (about 34.12 million Singapore dollars), equal to roughly 5.15% of the group’s net tangible assets as of Dec, 31 2024.

Because WM (Australia) is controlled by Wee Hur’s Goh family directors, the deal counts as an interested-person transaction under SGX rules. The company said the equity and loan commitments fall under the exemptions in Listing Manual Rules 916(2) and 916(3), as risks and rewards are proportionate to each partner’s stake and the audit committee considers the terms fair to minority shareholders.

Wee Hur does not expect the joint venture to have a material impact on its earnings per share or net tangible assets for the year ending Dec, 31 2025. Four Goh family directors abstained from board deliberations on the transaction.

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