AF Global Limited announced the completion of its proposed disposal of 550,000 ordinary shares, representing 55 % of the issued share capital of Knight Frank Pte Ltd, on Oct, 17 2025.
The shares were sold by the group’s wholly owned unit, Cheong Hock Chye & Co. (Pte.) Ltd., to Knight Frank Asia Pacific Pte Ltd under a sale-and-purchase agreement signed on Oct, 07 2025.
AF Global said the deal’s only condition—shareholder approval—was waived on Oct, 10 2025 after the Singapore Exchange granted a compliance waiver.
Following the completion, Knight Frank Pte Ltd and its subsidiaries, Knight Frank Property & Facilities Management Pte Ltd and KF Property Network Pte Ltd, have ceased to be joint venture companies of AF Global.