Star Group Asia Limited (1560) released supplemental information regarding its major transaction in relation to the disposal of certain properties and the related leaseback arrangement. The supplemental details follow an initial announcement dated 22 January 2026.
According to the announcement, the leaseback arrangement constitutes a disclosable transaction under the Listing Rules because one or more of the applicable percentage ratios exceed 5%, but all are below 25%. As a result, it is subject to reporting and announcement requirements but is exempt from circular and shareholders’ approval.
The board indicated that the terms of the agreement and leaseback arrangement, including the consideration, are on normal commercial terms and fair and reasonable. It was further noted that this arrangement serves the interests of the company and its shareholders as a whole. The additional disclosure does not affect any other information contained in the original announcement dated 22 January 2026.