StarHub Ltd (CC3) said on Apr, 15 2026 that it has signed an agreement with Ensign Technologies Pte. Ltd. to terminate the assignment of voting and economic rights over 77.59 million shares in their joint venture, Ensign InfoSecurity Pte. Ltd.
Under the deal, Ensign Technologies will pay StarHub an aggregate cash consideration of 115.03 million Singapore dollars no later than 15 business days after Apr, 15 2026, the agreed rights-termination completion date.
Immediately after completion, StarHub will directly own 179.63 million Ensign InfoSecurity shares, equal to 38.92 % of the joint venture’s issued equity, and will treat the cybersecurity company as an associated company.
StarHub said the transaction allows it to partially monetise its investment while retaining strategic participation and redeploying capital into other core business areas. The group expects to record a fair-value gain of more than 200 million Singapore dollars in fiscal 2026 from the remeasurement of its remaining stake.
The deal is classified as an interested-person transaction under Singapore Exchange rules but falls below the thresholds that would make it discloseable under Chapter 10. StarHub’s audit committee said the terms are on normal commercial grounds and not prejudicial to minority shareholders.
StarHub and Ensign Technologies also agreed to work toward a post-completion capital reduction at the joint venture that would return 6 million Singapore dollars in excess cash to StarHub.
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