Worth reading
45Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
6800
SGD thousandWording
Conditional
How definitive the wording is.This transaction
This share acquisitionCounterpartyTan Jiok Saw
Disclosing companyGECOSS CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Construction consulting
Location SingaporeShare capital SGD 500 thousandDate of incorporation 4 December 2012
Net SalesSGD 3,940 thousand (fiscal year ended December 2025)
Operating profitSGD 873 thousand (fiscal year ended December 2025)
Net income for the current fiscal yearSGD 775 thousand (fiscal year ended December 2025)
Net assetsSGD 1,206 thousand (fiscal year ended December 2025)
Consideration and expenses
Acquisition priceEnterprise value: SGD 6,800 thousand. The final acquisition price will be determined after adjustments for the target company's cash and cash equivalents, net interest-bearing debt and other items as of completion of the transaction. The disclosure also states that up to SGD 1,000 thousand will be paid in cash as contingent consideration.
Type of ConsiderationThe contingent consideration will be paid in cash. The payment method for the ordinary acquisition price is Not disclosed
Impact on Business Performance
The impact on consolidated results for the fiscal year ending March 2027 is expected to be minor.
Procedures and assumptions
Management structure after acquisitionJS Tan is scheduled to become a consolidated subsidiary of GECOSS CORPORATION. The trade name, representative and treatment of employees are Not disclosed
| Item | Details |
|---|---|
| Transaction name | This share acquisition |
| Counterparty name | Tan Jiok Saw |
| Name of the Subject Company | JS Tan Consultants Pte. Ltd. |
| Business Description of the Subject Company | Construction consulting |
| Location of the Subject Company | Singapore |
| Capital Stock of the Subject Company | SGD 500 thousand |
| Date of Establishment of the Subject Company | 4 December 2012 |
| Net Sales of the Subject Company | SGD 3,940 thousand (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | SGD 873 thousand (fiscal year ended December 2025) |
| Net Income of the Subject Company | SGD 775 thousand (fiscal year ended December 2025) |
| Net Assets of the Subject Company | SGD 1,206 thousand (fiscal year ended December 2025) |
| Acquisition price | Enterprise value: SGD 6,800 thousand. The final acquisition price will be determined after adjustments for the target company's cash and cash equivalents, net interest-bearing debt and other items as of completion of the transaction. The disclosure also states that up to SGD 1,000 thousand will be paid in cash as contingent consideration. |
| Type of Consideration | The contingent consideration will be paid in cash. The payment method for the ordinary acquisition price is Not disclosed |
| Number of shares acquired | 500,000 shares (number of voting rights: Not disclosed) |
| Voting rights ownership percentage | After 100.0% (before not disclosed) |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 is expected to be minor. |
| Date of board resolution | 29 July 2026 |
| Contract Date | 29 July 2026 |
| Execution Date / Effective Date | 31 August 2026 (planned) |
| Management structure after acquisition | JS Tan is scheduled to become a consolidated subsidiary of GECOSS CORPORATION. The trade name, representative and treatment of employees are Not disclosed |
Items this document does not state (12)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Expanding its overseas business is part of GECOSS CORPORATION's medium- to long-term growth strategy, and JS Tan's business is complementary to that of FUCHI Pte. Ltd. in Singapore and Gecoss Vietnam Co., Ltd. The company expects synergies from collaboration among the four companies and contributions to the future expansion of its overseas business.
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