Wee Hur completes 37.1% stake disposal for $319.8m

It now holds a 13% indirect interest in each of the Target Group Trusts.

Wee Hur Holdings Ltd. has announced the completion of its proposed disposal of a 37.1% indirect stake in the Target Group Trusts to Evolution Trustees Limited, acting in its capacity as trustee of GS Australia Student Venture I Mid Trust.

The disposal was executed for a net consideration of $319.8m (A$355.4m). This transaction, classified as a major one under the Company's corporate structure, follows a series of key announcements.

On 16 December 2024, the company initially disclosed the proposed disposal. On 28 February 2025, the shareholders of Wee Hur Holdings approved the deal during the Extraordinary General Meeting (EGM).

On 4 March 2025, the company confirmed the satisfaction of the remaining conditions outlined in the Unit Sale Agreement.

Following the completion of the disposal, Wee Hur Holdings, through its subsidiary WH Australia, now holds a 13% indirect interest in each of the Target Group Trusts via the GS Head Trust.

The Board of Directors has advised shareholders to exercise caution before making any decisions regarding their dealings in the company’s shares.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia