Harvey Norman operator Ossia sets up new units; buys leasehold property, Global Ten Realty

Ossia, operator of Harvey Norman, has established a new special purpose vehicle, Ossia Capital, to manage property investments. Ossia Capital has set up OSA 1 to acquire a leasehold property at 21 Tan Quee Lan for S$14 million and will also purchase Global Ten Realty for S$5.5 million. These acquisitions aim to generate stable cash flows and align with Ossia's strategy for long-term value creation. The purchases will be funded through internal resources and bank financing, with no significant impact expected on Ossia's financial metrics.