Incredible Holdings plans reverse takeover with Sheng Tai International

Sheng Tai will inject prime Malaysian land into Incredible Holdings for shares.

Singapore-listed Incredible Holdings Ltd. has signed a non-binding memorandum of understanding with Malaysia-based Sheng Tai International Sdn. Bhd., paving the way for a reverse takeover and strategic restructuring.

Under the proposed deal, Sheng Tai intends to inject a prime land asset in Malaysia into Incredible Holdings for development and construction. In exchange, Sheng Tai will receive new shares in the company. Upon completion, Sheng Tai will also restructure the board by appointing new directors to align with the company’s strategic direction.

Sheng Tai operates across multiple sectors, including real estate, fashion, hospitality, wellness, and agriculture. The move is part of Incredible Holdings’ broader strategy to diversify revenue streams and drive long-term growth.

The company stated that no directors or substantial shareholders have any direct or indirect interest in the transaction aside from their existing shareholdings.