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Shanaya Limited ( (SG:SES) ) has issued an announcement.
Shanaya Limited has announced that its subsidiary, Shanaya Environmental Services Pte. Ltd., and KJ Engineering Pte. Ltd. have agreed to extend the completion deadline for a proposed subscription of 120,000 new shares in KJ, representing 60% of its enlarged share capital, for S$120,000 in cash. The completion date has been moved from 28 February 2026 to 30 April 2026 to allow more time to fulfil conditions precedent, leaving all other terms unchanged.
The extension underscores Shanaya’s continued interest in securing a majority stake in KJ Engineering, which would bolster its environmental services platform if completed. However, the company cautions shareholders and potential investors that there is still no certainty the transaction will proceed, and it will issue further updates as material developments arise, highlighting ongoing execution risk around this strategic investment.
More about Shanaya Limited
Shanaya Limited, incorporated in Singapore, operates through subsidiaries including Shanaya Environmental Services Pte. Ltd., reflecting a focus on environmental services and related engineering activities. The Group is expanding its presence in this sector through strategic investments and partnerships with local engineering firms to strengthen its service capabilities.
Average Trading Volume: 352,907
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$10.1M
For a thorough assessment of SES stock, go to TipRanks’ Stock Analysis page.