Tuan Sing Holdings Limited announced an update on its planned acquisitions from PT Senimba Bay Resort.

The company said that the purchases of the ferry terminal, as well as a portfolio of shophouses and terrace houses, were completed on Nov, 29 2024.

Amendment agreements signed on Nov, 19 2025 extend the long-stop dates for the remaining asset purchases by 24 months from the original sale-and-purchase agreements.

Following completion of the ferry terminal deal, Tuan Sing’s subsidiary OBH and the seller entered into co-operation and management agreements under which the seller will operate and maintain the facility on a profit-sharing basis for an initial two-year term.

The board said it will release further announcements when there are material developments on the outstanding transactions.