Incorporated on 23 September 2026, M71 will principally operate as a real estate developer, with the objective of acquiring and redeveloping landed properties in Singapore. The new company has an initial issued and paid-up capital of S$50,000. 

Lincotrade’s wholly-owned subsidiary, Lincotrade Capital Pte. Ltd., holds a 60% interest in M71, while the remaining 40% is held by Clear Bright Sky Holdings Pte. Ltd. (“CBS”). Both shareholders will contribute future funding to M71 on a pro-rata basis in accordance with their respective shareholdings. 

CBS is wholly owned by Mr Andre Soh Yu Xian, son of Lincotrade’s Executive Director, CEO and controlling shareholder, Mr Soh Loong Chow Jackie. Accordingly, the incorporation constitutes an interested person transaction under Chapter 9 of the Catalist Rules. 

The incorporation of M71 is funded through internal resources and is not expected to have any material impact on the Group’s net tangible assets per share or earnings per share for FY2027. Lincotrade will provide further updates upon execution of the shareholders’ agreement or when there are material developments.

See link for full media release: https://www.lincotrade.com.sg/wp-content/uploads/2026/09/Incorporation-of-Subsidiary-23092026.pdf