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V2Y Corporation Ltd. ( (SG:V2Y) ) has provided an announcement.
OceanScape International Limited has decided not to proceed with its earlier-planned purchase of an office property at 8 Temasek Boulevard in Singapore, after determining it is unlikely to exercise the option to purchase within the stipulated period ending 9 January 2026. Instead, the company has assigned its rights under the option to purchase to Mr. Lang Jinjun, who may exercise it in his personal capacity, and he has undertaken to indemnify the company for all costs and expenses incurred, ensuring that OceanScape avoids financial exposure from the aborted acquisition while preserving its balance sheet flexibility and limiting any operational impact from not securing the property.
The most recent analyst rating on (SG:V2Y) stock is a Sell with a S$0.01 price target. To see the full list of analyst forecasts on V2Y Corporation Ltd. stock, see the SG:V2Y Stock Forecast page.
More about V2Y Corporation Ltd.
OceanScape International Limited, formerly known as V2Y Corporation Ltd., is a Singapore-incorporated holding company with operations conducted through its subsidiaries. The group is listed on the Singapore market and is subject to the sponsor-supervised Catalist regime, indicating a focus on growth-stage corporate activities and capital markets compliance within Singapore’s regulatory framework.
Technical Sentiment Signal: Sell
Current Market Cap: S$3.71M
For an in-depth examination of V2Y stock, go to TipRanks’ Overview page.