Link: https://links.sgx.com/1.0.0/corporate-announcements/GFRXIX7SXEGG701W/389d1a1a6bd104d7fb4af84d28fc5662afd1b5ea028dfbd51720b82d65412e16

Summary:

• Mewah International has signed a share sale and purchase agreement to acquire 100% of PT Paluta Inti Sawit, an Indonesian palm oil company, on 16 December 2025.

• The gross consideration is IDR 123.0 billion (about US$7.4 million), with a net purchase price of IDR 68.7 billion (about US$4.1 million) after deducting assumed liabilities, funded via internal accruals.

• PTPIS will become an indirect wholly owned subsidiary, with the acquired shares’ net asset value of about IDR 128.5 billion (US$7.7 million), and purchase price allocation to goodwill and intangibles to be finalised within 12 months.

• The deal is not expected to materially impact the group’s current-year consolidated net tangible assets or earnings per share, and no directors or substantial shareholders have interests in the transaction.