China Next-Gen Commerce acquires property for S$8.8m

China Next-Gen Commerce and Supply Chain Limited (formerly S&T Holdings Limited) announced on November 13, 2025, that the purchaser exercised its option to purchase to acquire property from the vendors. This transaction stems from an announcement made on November 10, 2025, where the vendors granted the purchaser the option to buy the property for a consideration of S$8.8 million.

The exercise of this option creates a binding agreement for the sale and purchase of the property. Completion of the sale and purchase is scheduled for December 30, 2025, or an alternative date mutually agreed upon.

The board of directors for China Next-Gen Commerce and Supply Chain Limited includes chairperson and executive director Ms. Wang Kelly, executive director Ms. Ding Ziyi, and independent non-executive directors Mr. Lu Guoqiang, Ms. Xie Xiaolin, and Mr. Lu Yanjun.