Tan Chong International Limited said on Sep, 19 2025 that its wholly owned unit Redcliffe Investments has generated up to about 35.1 million Singapore dollars from a combination of covered call option premiums and open-market sales of Subaru Corporation shares.

Between Sep, 20 2024 and Sep, 19 2025, Redcliffe sold call options over 500,000 Subaru shares to Nomura Singapore, receiving premiums of roughly 0.5 million Singapore dollars. If the options are exercised on their respective expiry dates between Nov, 10 2025 and Dec, 9 2025, Tan Chong would deliver the shares and collect an additional settlement amount of around 14.8 million Singapore dollars.

The subsidiary also disposed of 708,100 Subaru shares on the Tokyo Stock Exchange for approximately 20.0 million Singapore dollars, or about JPY3,101.7 per share.

Because the combined transactions exceed the 5 per cent threshold under Hong Kong Listing Rule 14.22, they are classified as discloseable but do not require shareholder approval. Proceeds will be used for general working capital, the company added.

Following the disposals, Redcliffe holds 10,699,900 Subaru shares, a figure that would fall to 10,199,900 shares if all the call options are exercised.