China Next-Gen Commerce and Supply Chain Limited (3928) Announces S$8.8 Million Property Disposal

Bulletin Express

Nov 10

China Next-Gen Commerce and Supply Chain Limited (Stock Code: 3928) disclosed a transaction involving Sing Tec Development and Poh Wah Group (collectively, the Vendors) granting 2K Property Pte Ltd. an Option To Purchase for a property disposal. The total consideration is S$8.8 million, with the property comprising approximately 7,470 square feet at 114 Lavender Street #01-68, CT Hub 2, Singapore 338729.

According to the announcement, the property had a valuation of S$8.6 million as of 8 October 2025. The carrying amount of the property as of 30 September 2025 was approximately S$8.6 million, measured at cost less accumulated depreciation and impairment. Rental income from this property for the financial year ended 30 September 2025 reached S$224,500. Net profits attributable to the Group from this property were S$155,485 in the same period.

Completion of the sale is scheduled for 30 December 2025. The company expects a gain of approximately S$34,000 from the disposal, with proceeds used for general working capital and to repay existing indebtedness. The disposal constitutes a discloseable transaction under Chapter 14 of the Listing Rules and is subject to the applicable notification and announcement requirements.

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The disposal constitutes a discloseable transaction under Chapter 14 of the Listing Rules and is subject to the applicable notification and announcement requirements.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03928","symbol_name":"中国新零售供应链","start_time":0,"source_url":"","article_id":"1166262808","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166262808","pubTimestamp":1762776129,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"China Next-Gen Commerce and Supply Chain Limited (Stock Code: 3928) disclosed a transaction involving Sing Tec Development and Poh Wah Group (collectively, the Vendors) granting 2K Property Pte Ltd....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03928":"中国新零售供应链"},"translate_title":"中国下一代商业和供应链有限公司（3928）宣布880万新元物业出售","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03928":1},"content_text":"China Next-Gen Commerce and Supply Chain Limited (Stock Code: 3928) disclosed a transaction involving Sing Tec Development and Poh Wah Group (collectively, the Vendors) granting 2K Property Pte Ltd. an Option To Purchase for a property disposal. 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