Mooreast extends purchase deadline for 60 Shipyard Crescent

The revised Long Stop Date under the Option to Purchase has been pushed to 31 December 2025 from 18 June 2025.

Mooreast Holdings Ltd. has announced an extension to the deadline for its proposed acquisition of a major shipyard property at 60 Shipyard Crescent.

The revised Long Stop Date under the Option to Purchase (OTP) has been pushed to 31 December 2025 from 18 June 2025.

The property, comprising Lot 4022P and Lot 4097V in Mukim 7, spans close to 99,000 square metres and includes existing plant, equipment, and machinery. The acquisition is being pursued by Mooreast Asia Pte. Ltd., a wholly-owned subsidiary of Mooreast Holdings.

The seller, Seatrium New Energy Limited, granted the original OTP on 10 June 2024. Mooreast emphasized that all other terms of the agreement remain unchanged and in full effect.

In a statement, the company clarified that no directors or controlling shareholders have any interest in the extension. It also advised shareholders to refrain from taking any premature action regarding their securities and to seek professional advice if needed.