Aspial Lifestyle Limited said on Oct, 30 2025 that it has recorded interested person transactions totaling about 8.45 million Singapore dollars for the financial year ending Dec, 31 2025.
The dealings, which include management services, lease agreements and bond exchanges or subscriptions, represent roughly 3.70 percent of the group’s audited net tangible assets of 228.4 million Singapore dollars as at Dec, 31 2024. This level is below the 5 percent threshold that would require shareholder approval under Singapore Exchange Catalist rules.
Key counterparties were parent company Aspial Corporation, subsidiaries World Class Global and World Class Land, AF Global, and related individuals including director and controlling shareholder Koh Wee Seng. The largest single item was a 2.91 million Singapore-dollar exchange or subscription of 5.10 percent bonds by Tan Su Lan.
The audit committee reviewed the transactions and concluded they were conducted on normal commercial terms and were not prejudicial to the interests of the company or its minority shareholders, the board noted.
No other directors or substantial shareholders, apart from those named, have any direct or indirect interest in the transactions, Aspial Lifestyle added.