Oxley Holdings Limited has announced the completion of its proposed sale of Phu Thinh Land Co., Ltd, a Vietnamese company in which it initially held an 80% stake, later reduced to 18%. The sale, finalised on 8 September 2025, marks Oxley’s exit from Phu Thinh, with the group set to receive approximately $9.5 million (VND240 billion) from the transaction.
The sale is part of Oxley Holdings’ ordinary course of business and is not anticipated to significantly affect the company’s net tangible assets per share or earnings per share for the financial year ending 30 June 2026. The transaction does not involve any direct or indirect interest from the company’s directors or controlling shareholders, except through their shareholdings in Oxley Holdings.
Executive Chairman and CEO, Ching Chiat Kwong, confirmed the completion of the sale, which follows previous announcements made by the company on 27 April 2022, 15 August 2022, and 14 February 2025. This strategic move aligns with Oxley Holdings’ ongoing efforts to streamline its portfolio and focus on core business areas.
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