According to the announcement from Futubull, on July 24, 2024, the buyer, Park Ki Chool, accepted and exercised the option to purchase the property granted by the seller, Grow Well Profits Limited (a wholly-owned subsidiary of the company), and the seller agreed to sell the property to the buyer at a price of 12 million Singapore dollars, subject to the fulfillment of the preconditions of the option to purchase.

It is reported that the acquisition cost of the property by the seller on December 28, 2000 was 5.2 million Singapore dollars. As of the date of this announcement, the seller has owned the property for over 20 years, which is a 4-bedroom residential apartment unit with a total floor area of approximately 268 square meters, located at Unit 18-02, 15 Yat Min Garden, Singapore 259959. It is located on the 18th floor of a 30-storey co-owned condominium development project. The property is already rented out, and the lease expires on July 31, 2026, with an annual rent of 0.252 million Singapore dollars.

As part of the group's property investment business, the group has been investing in the property since 2000. Considering the group's current financial situation and business operations, the overall economy, the property market in Singapore, and the uncertain global macroeconomic environment and high interest rates, the directors believe that the sale at a reasonable price represents a favorable opportunity to realize the value of the property, and the group can reallocate available funds when other investment opportunities arise. In addition, the proceeds from the sale will strengthen the group's financial position and increase its general operating funds. The sale will allow the group to cash out its property investment and reallocate its financial resources to other business development.