GLONGHUI May 28 | WMCH GLOBAL (08208.HK) announced, the board of directors announced that the seller Artus Consultancy Services Pte. Ltd. (an indirect wholly-owned subsidiary of the company) and buyer K2HL Pte. Ltd entered into an interim agreement on April 30, 2024 (but signed and confirmed by the buyer on May 28, 2024), according to which the seller had agreed to sell and the buyer had agreed to buy the property at a cost of S$1.485,000.

This property is located at 81 Tagore Lane # 02 — 22 Tag. A Singapore 787502. In light of recent developments in the Singaporean property market, it is still unknown whether the property can gain further capital appreciation. The Board believes that the sale is a good opportunity to realise the value of the property and increase the Group's working capital.